Asked by Trish Goal
                When Frederick was born, his grandparents gave hime a gift of $2000, which was invested at an interest rate of 5% per year, compounded yearly. How much money will Frederick have when he collects the money at the age of 18? gGive your answer to the nearest hundreth of a dollar. 
            
            
        Answers
                    Answered by
            Steve
            
    2000(1+.05)^18
    
                    Answered by
            Trish Goal
            
    Is this answer right? 4183.24
    
                    Answered by
            LOL
            
    It is invested compoundly
    
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