# Business Calculus

posted by
**cs94** on
.

Pam and Tim decide to start saving money for their daughter's college education. They open a college savings plan (529) with a 500 dollars initial investment and next month start to make monthly deposits of 120 dollars. If the account pays 8% compounded monthly, how much will the account be worth after 180 deposits? Be sure to include the initial investment in the computation.