Question
Joe and Jill just became grandparents for the first time. They were so excited they went out and started a 529 plan for their grandchild.
Joe and Jill just became grandparents for the first time. They were so excited they went out and started a 529 plan for their grandchild. They placed $2,000 in the fund today and will continue that for a total of 18 payments. They feel that college inflation will be 4% and they will be able to earn 6% on their invested funds. What will be the value of the fund when the child is 18?
| A. | $42,534 | |
| B. | $43.352 | |
| C. | $61,811 | |
| D. | $65,520 |
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The Geography Of Finance
Authors: Gordon L. Clark, Darius Wójcik
1st Edition
0199213364, 978-0199213368
