Your new baby was born yesterday. To save for her education, you decide to invest in a 529 plan and will make QUARTERLY contributions until your child enters the great UNLV when she turns 18. That is, you will save for the next 17 years (Or should it be 18 years? Think about it), and the contribution will be made at the END of each quarter. You expect that the 529 plan will return 8% per year with quarterly compounding. The current in-state cost (tuition and other expenses, if living with parents) for UNLV is about $20,176 per year. You expect this cost to go up 3.5% per year until your child finishes college. You expect your child to spend 4 years in college.