Question 10

IT Assuming a(n) 7 percent annual return with a Coverdell Education Savings Account, how much would $2,000 annual contributions be worth when the child is 18 and ready to enter college? Click on the table icon to view the FVIFA table ! When the child is 18 and ready to enter college, the account will be worth $ ) (Round to the nearest cent.) Future Value of an Annuity (FVIFA) n = 18 3% 23.4144 4% 25.6454 5% 28.1324 6% 30.9057 7% 33.9990 8% 37.4502 9% 41.3013 10% 45.5992 11% 50.3959 12% 55.7497 13% 61.7251 14% 68.3941 15% 75.8364