A new father plans on saving for his daughter’s college education. He will donate $775.00 on...

A new father plans on saving for his daughter’s college education. He will donate $775.00 on her first birthday. After that, he will increase his donation by 3.00% each year and will make his last contribution on her 18th birthday. If he can earn 9.00% each year in his investment account, how much will his daughter’s college fund be worth on her 18th birthday?

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