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Your friend wants to start an education investment account (529i) for their newborn child.They will need approximately $1,500,000 for four years at USC by the
Your friend wants to start an education investment account (529i) for their newborn child.They will need approximately $1,500,000 for four years at USC by the time they are college age.Assuming the investment yields an average 7%annual return,compounded monthly, over the next 18years,how much should they put in the account today?
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