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Dr. P wants to set up a college education account (529 plan - which is not subject to income taxes) for dear little Livia. She

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Dr. P wants to set up a college education account (529 plan - which is not subject to income taxes) for dear little Livia. She wants to have $300,000 in the account after 18 years to help pay for Livia's continuing education. Dr. P believes she can afford to invest $500/ month into this 529 account. Dr. P expects to be in the 25% marginal income tax bracket. What average annual rate of return does Dr. P need to earn to reach her goal?s(BGN) N=I=PV=PMT=FV= END/BGN

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