document.write( "Question 1164043: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest, compounded annually. How much will be in the account on the child’s 17th birthday? \n" ); document.write( "

Algebra.Com's Answer #788336 by ikleyn(52788) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "Future value  FV =  =  = 37000.18 dollars.    ANSWER\r\n" );
document.write( "

\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "To learn everything about compounded accounts, read the lessons\r
\n" ); document.write( "\n" ); document.write( " - Compound interest percentage problems \r
\n" ); document.write( "\n" ); document.write( " - Problems on discretely compound accounts \r
\n" ); document.write( "\n" ); document.write( "in this site.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );