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What is the value of the account after eighteen years

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Problem 1: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 3.75% annual interest compounded daily, what is the value (in dollars) of the account after 18 years? Assume all years have 365 days. (Round your answer to the nearest cent.)

Reference no: EM132945109

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