Following the birth of triplets, the grandparents deposit $30,000 in a college trust fund that earns 4.5% interest, compounded quarterly. How much will be in the account after 18 years?
18 years = 18 * 4 = 72 quarters.
Using our compound interest balance calculator, we have:
$67,132.95
18 years = 18 * 4 = 72 quarters.
Using our compound interest balance calculator, we have:
$67,132.95