Your newborn daughter has received a total of $2,500 in cash from various friends and relatives. If you deposit this money for her in an investment that returns an average return of
12% a year, how much will she have accumulated on her 21st birthday, to the nearest dollar?
A)$180,121
B)$204,247
C)$24,116
D)$27,010

Question

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The Answer of Your newborn daughter has received a total of $2,500 in cash from various friends and relatives. If you deposit this money for her in an investment that returns an average return of
12% a year, how much will she have accumulated on her 21st birthday, to the nearest dollar?
A)$180,121
B)$204,247
C)$24,116
D)$27,010

Your Newborn Daughter Has Received a Total of $2,500 in Cash