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On your child's 1st birthday, you open an account to fund his college education. You deposit $3,600 to open the account. Each year, on

his birthday, you make another deposit. Each subsequent deposit is 8.5% larger than the previous. The account pays interest at

5%/year compounded annually. How much money is in the account immediately after the deposit on his 18th birthday? $

Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is £50.

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