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As a savings plan to guarantee their child's college education, a couple decides to deposit $ 100 a month in a bank account that pays

As a savings plan to guarantee their child's college education, a couple decides to deposit $ 100 a month in a bank account that pays interest at a rate of 6% per year compounded monthly. If the savings plan started when the child was 6 years old, how much money will he have accumulated by the time he turns 18? interpret the answer

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