n order to pay for college, the parents of a child invest $20,000 in a bond that pays 8% interest compounded semiannually. How much money will there be in 18 years?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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In order to pay for college, the parents of a child invest $20,000 in a bond that pays 8% interest
compounded semiannually. How much money will there be in 18 years?
Transcribed Image Text:In order to pay for college, the parents of a child invest $20,000 in a bond that pays 8% interest compounded semiannually. How much money will there be in 18 years?
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