How much money is in the account immediately after deposit

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On your girls first birthday, you open an account to fund her college education. You deposit $1500 to open the account. Each year, on her birthday, you make another deposit, with each being 10% larger than the previous deposit. The account pays interest at 2% per year compounded annually. How much money is in the account immediately after the deposit on her 18th birthday?

Reference no: EM131242366

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