A family starts an education fund for their sonPatrick

Chapter , Problem 9-24

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A family starts an education fund for their sonPatrick when he is 8 years old, investing $150 onhis eighth birthday, and increasing the yearly invest-ment by $150 per year until Patrick is 18 yearsold. The fund pays 9% annual interest. What is thefunds future worth when Patrick is 18?

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