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OpenStudy (anonymous):
At his son's birth, a man invested $2,000 in savings at 6% for his son's college education. Approximately how much, to the nearest dollar, will be available in 19 years?
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OpenStudy (anonymous):
Use the formula for compound interest: \[V=I(1+i)^n\] Where V is the final value, I is the initial investment, and i is the interest rate.
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