At the time of her grandson’s birth, a grandmother deposits $12,000 in an account that pays…

At
the time of her grandson’s birth, a grandmother deposits $12,000 in
an account that pays 8.5% compounded monthly. What will be the
value of the account at the child’s twenty-first birthday, assuming
that no other desposits or withdrawals are made during this period?

At the time of her grandson’s birth, a grandmother deposits 512.000 in an account that pays 85% compounded monthly What will be the value of the account at the child’s twenty first birthday, assuming that no other deposits or withdrawals are made during this period? The value of the account will be $ (Round to the nearest dollar as needed) Enter your answer in the answer box. 1 de 9