To finance your newborn daughter education

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Reference no: EM131851946

(FV of annuity due) To finance your newborn daughter’s education you deposit $1,500 a year at the beginning of each of the next 18 years in an account paying 8% annual interest. How much will be in the account at the end of the 18th year?

Please show all algebraic equations and no handwritten.

Reference no: EM131851946

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