The parents of a 6-yr old boy have agreed to deposit $5 in their son's bank account on his 7th birthday and to double the size of their deposit every year thereafter until his 18th birthday. (a) How much will they have to deposit on his 18th birthday? $ (b) How much will they have deposited by his 18th birthday? $

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A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

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Q: Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and to…

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