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D Question 13 1 pts The parents of a newborn have decided to make deposits into an investment account on each of their son's birthdays, starting on his first birthday. The parents will deposit $2,500 on their son's first birthday and plan to increase the size of their deposits by 7% every year. The account is expected to earn an interest rate of 5% p.a and the last deposit will be made their son's 18th birthday. The present value of this investment plan is closest to: $125,000 $50,554 $70,331. $121,664. Previous Next