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You plan on starting a 529 plan for your child as soon as they are born. You plan to contribute $11,814 per year for the

You plan on starting a 529 plan for your child as soon as they are born. You plan to contribute $11,814 per year for the first 5 years, at the beginning of each year, and then make no further contributions. If the funds are invested in an index fund that produces an average rate of return of 9.3% per year, how much will the plan be worth by the time your child is 18 and entering college?

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