SOLUTION: At his son's birth, a man invested $2,000 in savings at 6% for his son's college education. In 19 years, how much, approximately, will be available?

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Question 467624: At his son's birth, a man invested $2,000 in savings at 6% for his son's college education. In 19 years, how much, approximately, will be available?

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=2000(1.06)^19
A=2000*3.0256
A=$6051.20