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Kitty and Robert put $1500 into a college fund every year for their son, Evan, on...

Question:

Kitty and Robert put $1500 into a college fund every year for their son, Evan, on his birthday, with the first deposit one year from his birth (at his very first birthday). The college fund has a guaranteed annual interest rate of 7%. At his eighteenth birthday, the last $1500 will be paid. How much will be in the college fund for Evan immediately following this last payment?


Answers

Alignment F G 1 16 BALANCE AFTER 18 YEARS $50,998.55 um til Clipboard Font fo =C2*((1+0.07)^B2) Α B YEAR No. of Years Left AMPLEASE DON’T FORGET TO GIVE A THUMBS UP ??!!!

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