Problem 15-8 (similar to) Question Help Min-Jun and Min-Suh want to contribute $120,000 to a 529 plan for the benefit of their new grandchild. If done shortly after the birth of the child, with a 7.00 percent annual return 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 mit When the child is 18 and ready to enter college, the account will be worth $(Round to the nearest cent) ions Enter your box and then click Check Answer Pero All parts showing here to see a Data Table Puh want to cont no other contrib! the child, with a 7.00 pe table icon to view the F 8 and ready to 3 Compound Sum of $1 (FVIF) n = 18 3% 1.7024 4% 2.0258 5% 2.4066 6% 2.8543 7% 3.3799 8% 3.9960 9% 4.7171 10% 5.5599 11% 6.5436 12% 7.6900 13% 9.0243 14% 10.5752 15% 12 3755 in the answer Print Done Check A SWEE o RI a $