Please view the following video before answering this question. Video Example 5.5 Click here to access the TVM Factor Table Calculator On your child's 1st birthday, you open an account to fund his college education. You deposit $1,600 to open the account. Each year, on his birthday, you make another deposit. Each subsequent deposit is 7% 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? \$ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 50