<PRE><B>Question 1110732</B>
Your parents started depositing $90 each month, from the day of your birth (first deposit made when you were born). How much money do you have at age 18 with monthly compounding at a rate of 10%? 
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FV = d((((1+i)^t-1)/i)*(1+i)
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FV = 90(((1+0.1/12)^(12*18)-1)(1+(0.1/12)
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FV = 90(6.005-1)(1.00833)
FV = 454.20
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Cheers,
Stan H.
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