Question
Min-Jun andMin-Suh want to contribute $ 120 comma 000 120,000 to a 529 plan for the benefit of their new grandchild. If done shortly after
Min-Jun andMin-Suh want to contribute $120 comma 000
120,000 to a 529 plan for the benefit of their new grandchild. If done shortly after the birth of thechild, with a 8.00
8.00 percent annual return and no othercontributions, what will the account be worth when the child is 18 and ready to entercollege? Click on the table icon to view the FVIF table LOADING...
.
When the child is 18 and ready to entercollege, the account will be worth $
nothing
. (Round to the nearestcent.)
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
