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Future Value.Sandra wants to deposit $100 each year for her son. If she places her deposits in a savings account that pays 6% per year,
Future Value.Sandra wants to deposit $100 each year for her son. If she places her deposits in a savings account that pays 6% per year, what amount will be in the account in 18 years? If she places it in a savings account that pays 6 percent, the amount that will be in the account in 18 years is ? (Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your answer.
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