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#10. A parent invests 24 hundred dollars into a college fund for their child that just turned 2-years-old. If the APR for the savings account

#10. A parent invests 24 hundred dollars into a college fund for their child that just turned 2-years-old. If the APR for the savings account is 5.5% and interest is compounded yearly, then how much is the account worth with their child turns 18 years old? Use two decimal place accuracy.

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