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2 years ago

10

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:

m_a_m_a [10]2 years ago

8 0

Answer:

$37,650

Step-by-step explanation:

A=15000(1+0.0525)^18

A=15000(2.51)

A=37650

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