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[See Solution] On the day of the child's birth, a proud parent deposits an amount of money into a compound interest savings account, which will earn 5% each

Question: On the day of the child's birth, a proud parent deposits an amount of money into a compound interest savings account, which will earn 5% each year. On the child's eighteenth birthday, the account will have accumulated $10,000. How much did the parent deposit on the day of the child's birth? (Your solution is worth three points.)

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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