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PLEASSSSSSEEEEEEEEE HELPPPPPPPPP !!!!!! Tyler begins funding a college education for his son. He saves $1000 the first year. Each year he saves 5% more than the previous year. H…

PLEASSSSSSEEEEEEEEE HELPPPPPPPPP !!!!!! Tyler begins funding a college education for his son. He saves $1000 the first year. Each year he saves 5% more than the previous year. H…
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1 vote
PLEASSSSSSEEEEEEEEE HELPPPPPPPPP !!!!!! Tyler begins funding a college education for his son. He saves $1000 the first year. Each year he saves 5% more than the previous year. How much money will be in the college fund at the end of 18 years?

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User Apprentice
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7.7k points

2 Answers

6 votes
He will save $1850 in the college fund at the end of 18 years. Hope it help!
answered
User Chandrahasan
by
7.3k points
3 votes
I believe this would be $2,292.02 saved after 18 years
answered
User BiNZGi
by
8.0k points
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