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On the day your daughter is born, you deposit $1,060 in a college savings account that earns 8% compounded annually. On each of her birthdays

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On the day your daughter is born, you deposit $1,060 in a college savings account that earns 8% compounded annually. On each of her birthdays thereafter, up to and including her 18th birthday, you deposit an additional $1,060. How much money is in the college account the day after her 18th birthday? O $49,608 O $41,287 O $39,697 O $43,930

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