How much interest did great aunt florences 25000 deposit, Financial Management

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How much interest did great aunt florences 25000 deposit

1) When her great niece Alexis is born, Great Aunt Florence deposits $25,000 in a 529 college savings account that grows annually at a rate of 6%. How much money will be in Alexa’s 529 account when she is ready to go to college 18 years from now?

2) How much interest did Great Aunt Florence’s $25,000 deposit earn over the 18 years it was invested?

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