This is similar to Try It #9 in the OpenStax text. A 529 Plan is a college-savings plan that allows relatives to invest money to pay for a child's tture college tuition; the account grows tax-free. Lily wants to set up a 529 account for her new granddaughter and wants the account to grow to $50,000 over 18 years. She believes tlte account will earn 6% compounded quarterly [four times a year). To the nearest dollar. how much would Lily need to invest if the account is compounded quarterly? Lily will need to invest$ to have $50,000 in 18 years