Creating a college investment fund
Problem: Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for the next 15 years and expects to earn a 8% annual rate of return. How much money will his daughter have when she starts college?
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Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for next 15 yrs and expects to earn a 8% annual rate of return
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