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eBook Problem 7 - 0 5 Holly wants to have $ 1 7 0 , 0 0 0 to send a recently born child to

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Problem 7-05
Holly wants to have $170,000 to send a recently born child to college. She sets up a 529 plan and wants to know how much she must invest at the end of each year for the next 16 years if the funds can earn 4 percent. Use Appendix C to answer the question. Round your answer to the nearest dollar. $
If she can earn 6 percent, how much less will she have to invest each year? Use Appendix C to answer the question. Round your answer to the nearest dollar. $
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