Mr. And Mrs ikan deposited $15,000 into college savings accounts with an annual compound interest rate 5.25% when their daughter
was born. If the money remains in the saving account until she is 18 , what will be the total amount in the account ?
1 answer:
Answer:
$37,650
Step-by-step explanation:
A=15000(1+0.0525)^18
A=15000(2.51)
A=37650
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