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Athena wants to contribute a lump sum into a 5 2 9 plan for her 1 0 - year - old son's college tuition. For

Athena wants to contribute a lump sum into a

529

plan for her

10 -

year

-

old son's college tuition. For the tuition, Athena estimates she will need $

150, 000

when her son becomes age

18 .

What lump sum should Athena put in the

529

plan today if it can earn a

6 %

annual return?

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