How much money will be in the account years from now

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Reference no: EM13146764

A generous grandfather decides to establish a college fund for his new granddaughter. He plans to make deposits annually. His first deposit will be $2000 on year from now. He also plans to increase his annual deposit by $200 per year. if the college fund earns 4.5% interest, how much money will be in the account 18 years from now?

Reference no: EM13146764

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