The fund pays 9 annual interest what is the funds future, Business Economics

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The fund pays 9 annual interest what is the funds future

A family starts an education fund for their son Patrick when he is 8 years old, investing $150 on his eighth birthday, and increasing the yearly investment by $150 per year until Patrick is 18 years old. The fund pays 9% annual interest. What is the fund's future worth when Patrick is 18?

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Business Economics: The fund pays 9 annual interest what is the funds future

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