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Melissa wants to pay for her child's college education. Her daughter, Margo, was born yesterday. She wants to fund $12,000 a year for 6 years
Melissa wants to pay for her child's college education. Her daughter, Margo, was born yesterday. She wants to fund $12,000 a year for 6 years of education. She expects Margo to go to college at age 18. If college inflation is 6% and she can expect an investment return of 9.5%, how much does Melissa have to save each year in the 529 account for Margo's education
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