open an account to fund his college education. You deposit $3,600 to open the account. Each year, on his birthday, you make another deposit. Each subsequent deposit is 8.5% 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. eTextbook and Media Solution Save for Later Assistance Used Attempts: 2 of 3 used Submit Answer
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