Gifting A childs grandparents have opened a $6000 savings account for the child on the

Chapter 6, Problem 69

(choose chapter or problem)

Gifting A childs grandparents have opened a $6000 savings account for the child on the day of her birth. The account pays 3% compounded semiannually. The child will be allowed to withdraw the money when she reaches the age of 25. What will the account be worth at that time?

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