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Jerry is saving for his granddaughter’s education. If he deposits $1,000a year on each of her...

Jerry is saving for his granddaughter’s education. If he deposits $1,000a year on each of her birthdays, starting the day his granddaughter is born and ending on her 17th birthday, how much will be in the account on her 18th birthday. He estimates his savings will earn 6% compounded quarterly.

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