Homework Help: Math, Algebra I

Posted by Yun on Friday, January 27, 2012 at 8:10pm.

A Parent sets up a bank account with $4000. The bank pays 8% interest. The Parent will put in $3000 every year till the child turns 18.

I need the equation.

Math, Algebra I - Henry, Sunday, January 29, 2012 at 11:43am
What is the compounding frequency?
How old is the child?

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