Explain how much would it be worth assuming an annual rate


Amanda Kline is 10 years old. She will receive $30,000 from her college education fund when she turns 18 years old. If Amanda was able to cash in her fund today, how much would it be worth, assuming an annual rate of 5%? Round your answer to the nearest whole dollar. Answers should not include commas, decimal points, or dollar signs. For example, $2,523.65 should be submitted as 2524.

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Accounting Basics: Explain how much would it be worth assuming an annual rate
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