# Algebra II

Michael's parents think he is the smartest baby ever born. They decide to place \$18,000 into a college fund account for him when he is born. They are receiving a 4% interest compounded quarterly. At the end of 18 years, how much money will Michael have in his college account?

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3. 👁 38
1. amount = 18000(1 + .04/4)^(4*18)
= 18000(1.01)^72
= ...

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