A family starts an education fund for their son a patrick, Ask an Expert

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A family starts an education fund for their son A Patrick when he is 8 years old, investing $150 on his eighth birthday, and increasing the yearly invest- ment by $150 per year until Patrick is 18 years old. The fund pays 6% annual interest. What is the fund's future worth when Patrick is 18?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92725642

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