Solution-Same value in the account

Same value in the account

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Reference no: EM131426992

You invest $1000 a year into a savings account from the birth of your child until her 18th birthday (including on the day of her birth and including on her 18th birthday). Instead you could have invested X$ from her day of birth until (and including) her 10th birthday, which would have ended up with the same value in the account. What is X?

Can you please explain all the steps one by one necessary to find X please.

Reference no: EM131426992

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Same value in the account

Reference no: EM131426992

Reference no: EM131426992

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