Question content area top Part 1 At the time of her grandson's birth, a grandmother deposits $ 11 comma 000$11,000 in an account that pays 6 %6% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? LOADING... Click the icon to view some finance formulas. Part 1 The value of the account will be $enter your response here. (Round to the nearest dollar as needed.)

Question content area top Part 1 At the time of her grandson's birth, a grandmother deposits $ 11 comma 000$11,000 in an account that pays 6 %6% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? LOADING... Click the icon to view some finance formulas. Part 1 The value of the account will be $enter your response here. (Round to the nearest dollar as needed.)

Question content area top

Part 1

At the time of her grandson's birth, a grandmother deposits

$ 11 comma 000$11,000

in an account that pays

6 %6%

compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period?

Click the icon to view some finance formulas.