Intermediate. Sydney is considering making a monthly investment for her son who will be five years old on his next birth

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answerhappygod
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Intermediate. Sydney is considering making a monthly investment for her son who will be five years old on his next birth

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Intermediate. Sydney is considering making a
monthly investment for her son who will be five years old on his
next birthday. She wishes to make payments until his 18th birthday
and intends to pay £50 per month into an account yielding an APR of
12.68 per cent. She plans to start making payments into the account
the month after her son’s fifth birthday.
How much will be in the account immediately after the final
payment has been made?
a £18 847
b £18 377
c £17 606
d £18 610.
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