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Muhammad's grandfather has been co he contributed $488.90 starting on the 5.375% compounded monthly. If he d account to help pay his tuition O a. a. X= $14,401.78. $12 262 70

Muhammad's grandfather has been co he contributed $488.90 starting on the 5.375% compounded monthly. If he d account to help pay his tuition O a. a. X= $14,401.78. $12 262 70

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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4.  math of interest. please solve correctly

Muhammad's grandfather has been contributing to a savings account for his education. Each year on his birthday, he contributed $488.90 starting on the day he was born, and ending on the day he turned 14. The account pays 5.375% compounded monthly. If he doesn't start university until his 18 birthday, how much money will be in the account to help pay his tuition a. X = $14,401.78. O b. X= $12,363.79. O c. d. e. None of the other answers is correct. X = $13,586.59. X = $14,335.13. Certainty: OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
Transcribed Image Text:Muhammad's grandfather has been contributing to a savings account for his education. Each year on his birthday, he contributed $488.90 starting on the day he was born, and ending on the day he turned 14. The account pays 5.375% compounded monthly. If he doesn't start university until his 18 birthday, how much money will be in the account to help pay his tuition a. X = $14,401.78. O b. X= $12,363.79. O c. d. e. None of the other answers is correct. X = $13,586.59. X = $14,335.13. Certainty: OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
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