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Min-Jun and Min-Suh want to contribute $124,000 to a 529 plan for the benefit of their new grandchild. If done shortly after the birth of
Min-Jun and Min-Suh want to contribute $124,000 to a 529 plan for the benefit of their new grandchild. If done shortly after the birth of the child, with an annual return of 6 percent and no other contributions, what will the account be worth when the child is 18 and ready to enter college? Click on the table icon to view the FVIF table
When the child is 18 and ready to enter college, the account will be worth?
$enter your response here.
(Round to the nearest cent.)
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