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Question 1 0 ( 1 . 5 points ) The parents of a newborn decide to make deposits into an educational savings account on each
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The parents of a newborn decide to make deposits into an educational savings account on each of their daughter's birthdays, starting with her first birthday. Assume that the educational savings account will return a constant per year. The parents deposit $ on their daughter's first birthday and plan to increase the size of their deposits by each year. How high will be the amount available right after the last installment on her th birthday?
Instructions: Round the result to two decimal places and do not put the $ symbol in the answer box. For example if you get a result of $ then write in the answer box below.
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