FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John and Betty are in their 30s and want to invest in a Section 529 education account. Their son will be attending college in 2035.

John and Betty are in their 30s and want to invest in a Section 529 education account. Their son will be attending college in 2035. If they wish to dollar-cost-average their contributions via monthly ACH and not pay attention until his senior year in high school, which fund would be the most appropriate?

A- Target-date fund

B. Balanced fund

C. Growth fund

D. Life-cycle fund

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modeling Monetary Economies

Modeling Monetary Economies

Authors: Bruce Champ, Scott Freeman, Joseph Haslag

4th Edition

1316508671, 1316508676, 9781316723302 , 978-1107145221

More Books

Students also viewed these Economics questions

Question

★★★★★
Briggs & Stratton is the worlds largest producer of air-cooled gasoline engines for outdoor power equipment. Its 2011 annual report to stockholders included the following data (in millions): Net...

Answered: 1 week ago

Question

★★★★★
What factors allow these companies to increase prices after a specific introductory period without affecting their market share?

Answered: 1 week ago

Question

★★★★★
recognize unresolved and critical issues regarding job crafting;

Answered: 1 week ago

Question

★★★★★
Annabelle Sizemore has cashed in some treasury bonds and a life insurance policy that her parents had accumulated over the years for her. She has also saved some money in certificates of deposit and...

Answered: 1 week ago

Question

★★★★★
C++ HTC Sal Hd in 12 Find and explain any two (2) differences between the following C++ programs. ed Hout of question int main() { int main() { struct Info union Info{ int age; int age; int height;...

Answered: 1 week ago

Question

★★★★★
Consider the function k f(x, y, z) = KER. x2 + 92 + 2 2 i) Construct T(x, y, z), the first order Taylor series of f expanded about (To, yo, 20). ii) Show that T can be written T(r) = f(Io)- k f( r )...

Answered: 1 week ago

Question

★★★★★
4.1 A centrifugal pump is used to pump water from one tank to another. The difference in height between these tanks is 140m. What is the theoretical minimum power required to pump 15,000kg of water...

Answered: 1 week ago

Question

★★★★★
Kiera has reached a solution and has implemented her plan to minimize angry outbursts during group time. Using the Five-Step Learning Cycle, what next step should Kiera take? Group of answer choices...

Answered: 1 week ago

Question

★★★★★
The location is especially enticing because the State of Georgia offers attractive tax incentives to investors who fund films produced in the state: sales tax exemption plus an across the board flat...

Answered: 1 week ago

Question

★★★★★
Question 1: (a) Design a differentiator (Figure-1) to differentiate an input signal that varies in frequency from 20Hz to about 1KHz. Clearly provide full details of all the design steps and...

Answered: 1 week ago

Question

★★★★★
VUCA-type (volatility, uncertainty, complexity, ambiguity) contemporary contexts and dynamics (for example COVID, financial pressures/economic crisis/ labour market shortages/geo-political tensions)...

Answered: 1 week ago

Question

★★★★★
Which statement is a correct description of the pharmaceutical market in the U.S. Top four large firms produce 90% of the total pharmaceutical products Most of the pharmaceutical drugs are bought by...

Answered: 1 week ago

Question

★★★★★
5. Based on your desired future, answer the following questions: (a) What do you want, i.e. what goals have you set yourself? Set up three goals in order of priority. (b) Why do you want this? (c)...

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: (a) Its what you are best at that will be your downfall. (b) How can we learn but not learn? (c) Learning to see is different from seeing. (d) Creativity is...

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: The trimming effect, vision, steady course paradox, bottom line, prisoners dilemma, social dilemma, CI strategy, CCI strategy,...

Answered: 1 week ago

Previous Question Next Question