A family starts an education fund for their son Patrick when he is 8 years old, investing

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A family starts an education fund for their son Patrick when he is 8 years old, investing $150 on his eighth birthday increasing the yearly investment by $150 per year until Patrick is 18 years old. The fund pays 9% annual interest. What is the future worth of the fund when Patrick is 18?
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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