document.write( "Question 1076511: Tyler's dad starts a college fund and saves 1000.00 the first year and each year he saves 5% more than the previous year. How much money would be in the college fund at the end of 18 years?\r
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Algebra.Com's Answer #691162 by MathTherapy(10559) $\"\"$ $\"About$

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Tyler's dad starts a college fund and saves 1000.00 the first year and each year he saves 5% more than the previous year. How much money would be in the college fund at the end of 18 years?\r
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This scenario represents a GEOMETRIC series, with a 1st term, or  of 1,000, and a common ratio, or “r” of 1 +.05, or 1.05
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document.write( "Each term of a GEOMETRIC series:  
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document.write( "18th term of this series: \r
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document.write( "Formula for sum of a GEOMETRIC series:     
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document.write( "Sum of the 18 terms/years-savings of this series, or:  \n" );
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