Question
Ever since your first birthday, your parents have been depositing $1,100 into a college savings account on every one of your birthdays. The account pays
Ever since your first birthday, your parents have been depositing $1,100 into a college savings account on every one of your birthdays. The account pays 5% interest annually. Immediately after your parents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to which of the following?
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
