Hey I have attempted this question multiple times but couldn't do it,
could someone please help/// I think it was from the 2007 HSC:
Mrs Cain decided to invest some money each year to help pay for her son's uni education.
She contributes $1000 on the day of her son's birth and increases her annual contribution by 6% each year.
Her investment also earns 6% compound interest p/a.
Find the total value of Mrs Cain's investment on her son's birthday (just before her fourth contribution)
I found the question - I think you meant her son's
third birthday.

Note that, because of what the question wants, we've set \(A_n\) to be the value
right before we make the next deposit. So we need to ensure that after we compute \(A_1\), we deposit
immediately after, before smacking on the interest factor of 1.06
)
\text{ gets deposited.}\\ \text{That new investment, and the money already there, accrues interest}\\ \begin{align*}\therefore A_2 &= A_1(1.06) + 1000(1.06)(1.06)\\ &= 1000(1.06)^2 + 1000(1.06)^2\\ &= 2000(1.06)^2\end{align*})
^2\text{ gets deposited.}\\ \text{That new investment, and the money already there, accrues more interest.}\\ \begin{align*}\therefore A_3 &= A_2(1.06) + 1000(1.06)^2(1.06)\\ &= 2000(1.06)^3 + 1000(1.06)^3\\ &= 3000(1.06)^3\end{align*})
Which you can put into your calculator.
^n})
The reason why this annuity turned out so surprisingly nicely is because the
deposits were increasing alongside the interest accrued. This cleans up a lot of the mess for us.