When his daughter Sarah was born, Will Kravitz deposited $5,000 into an account that guaranteed to pay 8% compounded quarterly. Compute the amount that will be in the account 6 years later when Sarah starts school. (Use Tables 16-1A&B or a calculator.)

Question

When his daughter Sarah was born, Will Kravitz deposited $5,000 into an account that guaranteed to pay 8% compounded quarterly. Compute the amount that will be in the account 6 years later when Sarah starts school. (Use Tables 16-1A&B or a calculator.)​

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The Answer of When his daughter Sarah was born, Will Kravitz deposited $5,000 into an account that guaranteed to pay 8% compounded quarterly. Compute the amount that will be in the account 6 years later when Sarah starts school. (Use Tables 16-1A&B or a calculator.)​

When His Daughter Sarah Was Born, Will Kravitz Deposited $5,000