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Business, 30.11.2020 02:30 davidaagurto
A family starts an education fund for their son Patrick when he is 8 years old, investing $500 on his eighth birthday, and increasing the yearly investment by $500 per year until Patrick is 21 years old. The fund pays 6% annual interest. What is the fund’s future worth after the deposit when Patrick is 21?
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A family starts an education fund for their son Patrick when he is 8 years old, investing $500 on hi...
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