On the day of the child's birth, a proud parent deposits an amount of money into a compound interest savings account that will earn 5% each year. On the child's eighteenth birthday, the account will have accumulated $10,000. How much did the parent deposit on the day of the child's birth?© BrainMass Inc. brainmass.com June 3, 2020, 9:30 pm ad1c9bdddf
Neat and Step-by-step Solution is provided. Graphs (if any) are also drawn.