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How much will don have in the fund when cynthia begins

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Question 1: Don has just received a cash gift of $70,000 from his rich eccentric uncle. He wants to set it aside to pay for his daughter Cynthia's college education. Cynthia will begin college in 13 years and Don's financial advisor says that she can earn 8% interest on an investment in a special college fund. How much will Don have in the fund when Cynthia begins college? (Enter just the number in dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)

Reference no: EM132508438

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