Bill and Ellen Sweatt plan to invest $2,500 a year in an educational IRA for their recently born granddaughter, Sloane Martin.They will make these deposits on December 31st of each year.Bill and Ellen feel they can safely earn 8%.How much will be in this account on December 31 of the 18th year?

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The Answer of Bill and Ellen Sweatt plan to invest $2,500 a year in an educational IRA for their recently born granddaughter, Sloane Martin.They will make these deposits on December 31st of each year.Bill and Ellen feel they can safely earn 8%.How much will be in this account on December 31 of the 18th year?

Bill and Ellen Sweatt Plan to Invest $2,500 a Year