Question
5) Holly wants to have 200,000 saved for a recently born child to go to college. She sets up a 529 plan and wants to
5) Holly wants to have 200,000 saved for a recently born child to go to college. She sets up a 529 plan and wants to know how much she will have to invest at the end of each year for 18 years if the funds can earn 5%? If the funds can earn 7% how much less will she have to invest?
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
