Question 1131691
{{{ 4*25000 = I + P }}}
{{{ 100000 = P*r*t + P }}}
{{{ 100000 = P*( 1 + r*t ) }}}
{{{ 100000 = P*( 1 + .04*18 ) }}}
{{{ P = 100000 / 1.72 }}}
{{{ P = 58139.53 }}}
{{{ P/18 = 3229.97 }}}
They should invest $3,229.97 on each
of the first 18 birthdays
check the math