On your childs first birthday, you open an account to fund her college education. You deposit $2,000
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On your child’s first birthday, you open an account to fund her college education. You deposit $2,000 to open the account. Each year, on her birthday, you make another deposit, with each being 10 percent larger than the previous deposit. The account pays interest at 5 percent per year compounded annually. How much money is in the account immediately after the deposit on her eighteenth birthday?
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Related Book For 
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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