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On your child's 1st birthday, you open an account to fund his college education. You deposit $2,600 to open the account. Each year, on his
On your child's 1st birthday, you open an account to fund his college education. You deposit $2,600 to open the account. Each year, on his birthday, you make another deposit. Each subsequent deposit is 6% larger than the previous. The account pays interest at 5%/year compounded annually. How much money is in the account immediately after the deposit on his 18th birthday? \$
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