Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. min dash jun and min dash suh want to contribute $

Min dash Jun and Min dash Suh want to contribute $120 comma 000 to a...

90.2K

Verified Solution

Question

Finance

Min dash Jun and Min dash Suh want to contribute $120 comma 000 to a 529 plan for the benefit of their new grandchild. If done shortly after the birth of the child, with an annual return of 11 percent and no other contributions, what will the account be worth when the child is 18 and ready to enter college?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You want to be able to withdraw the specified amount periodically from a payout annuity with...

Advance Math
Q

name the four major classifications of structural lumbr

Civil Engineering
Q

Income statements for Benson Company for 2018 and 2019 follow: BENSON COMPANY Income Statements 2019 2018 Sales $ 201,900 $ 181,900 Cost of goods sold 143,600 121,600 Selling expenses 21,900 19,900 Administrative...

Accounting
Q

1. True___False___ The issuance of Common Stock produces Sales (or Revenue) for a corporation.        2. True___False___ The issuance...

Accounting
Q

assign7 Problem 19 1 point Determine if the pairs of vectors below are parallel orthogonal...

Basic Math
Q

Consider the quadratic function f(x)= -x2 - x +20Determine the following: (enter all numerical answers...

Basic Math
Q

Sketch the region of integration and evaluate the following integral 15x dA R is bounded...

Calculus
Q

Calla Company produces skateboards that sell for $53...

Accounting
Q

The materials cost variance report for Nickols Inc. indicates a large favorable materials price variance...

Accounting
Q

FINANCIAL ECONOMICS 1 For question 3 part b. this...

Accounting
Q

vertical analysis of income statement

Accounting
Q

You are considering the following two mutually exclusive projects. What are payback periods for the...

Finance