When a child is born, her grandfather decides to put $100 in an account that earns
interest. H...
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Mathematics, 26.03.2020 22:17 monsterking4549
When a child is born, her grandfather decides to put $100 in an account that earns
interest. He plans to make no other deposits or withdrawals for 18 years. When
the child turns 18 years old, the money in the account will be a birthday gift.
The
grandfather is choosing between two options:
Option 1: grows by 10.5% each year
Option 2: grows by $20 each year
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Answers: 2
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