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Finance question show the steps and answer

  • From Mathematics, General Mathematics
  • Due on 25 Nov, 2019 01:33:00
  • Asked On 24 Nov, 2019 12:34:13
  • Due date has already passed, but you can still post solutions.
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1.       Min-Jun and Min-Sub want to contribute $120,000 to a 529 plan for the benefit of their new grandchild. If done shortly after the birth of the child, with a 14.00 percent annual return and no other contributions, what will the account be worth when the child is 18 and ready to enter college?

When the child is 18 and ready to enter college, the account will be worth?

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[Solved] Min-Jun and Min-Sub 529 Plan for Their New Grand Child

  • This Solution has been Purchased 1 time
  • Submitted On 25 Nov, 2019 05:29:52
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Using the formula: FV= PV*(1+r)n Where: FV is the future value=? PV is the present value (the amount...
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