One-half of the money in a college fun for their child

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Reference no: EM13859478

A family that won a $100,000 prize on America’s Funniest Home Videos decided to put one-half of the money in a college fun for their child who was responsible for the prize. If the fund earned interest at 6% per year, how much was in the account 14 years after it started?

Reference no: EM13859478

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