Inheritance Problem

A father left $20,000 to be divided among his four sons aged 6, 8, 10, and 12 years respectively, so that each share placed at 4 1/2 percent compounded interest should amount to the same value when its possessor becomes the age 21.  What were the amounts of each share?

The Principles of Arithmetic, Joseph Ray, 1856

Click here to reveal the answer