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A parent decides to save for their daughter's education by investing in a 529 plan. The parents will $1,000 at the end o
Posted: Sun Jul 03, 2022 12:53 pm
by answerhappygod
- A Parent Decides To Save For Their Daughter S Education By Investing In A 529 Plan The Parents Will 1 000 At The End O 1 (42.8 KiB) Viewed 21 times
A parent decides to save for their daughter's education by investing in a 529 plan. The parents will $1,000 at the end of the first year. The parents will contribute at the end of each year for 18 years. Each successive contribution will be 4% greater than the last contribution. The account is expected to earn 7% APR over the life of the investment. What will be the value of the 529 plan account at the end of the 18th year? (Round to the nearest dollar) $45,137 $49,746 $38,452 $41,426 $44,772