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Mathematics

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In 2014 Rose invested $16,000 in a savings account for her newborn son. The account pays 3.6% interest each year. Determine the total value of the account in the year 2032, when her son will go to college.

Answer :

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Answer:

$30240.96

Step-by-step explanation:

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16,000 x (1 + .036)^18 = 30240.96

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