Cashback Offer (20th - 30th September 2020). Get Flat 10% Cashback credited in your account on a minimum transaction of $80. Post Your Question

Question Details Normal
$ 5.00

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.
Question posted by
Online Tutor Profile
request

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?

Available Answers
$ 5.00

[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
Answer posted by
Online Tutor Profile
solution
Using the formula: FV= PV*(1+r)n Where: FV is the future value=? PV is the present value (the amount...
Buy now to view the complete solution
Other Related Questions

No related question exists

The benefits of buying study notes from CourseMerit

Assurance Of Timely Delivery
We value your patience, and to ensure you always receive your homework help within the promised time, our dedicated team of tutors begins their work as soon as the request arrives.
Best Price In The Market
All the services that are available on our page cost only a nominal amount of money. In fact, the prices are lower than the industry standards. You can always expect value for money from us.
Uninterrupted 24/7 Support
Our customer support wing remains online 24x7 to provide you seamless assistance. Also, when you post a query or a request here, you can expect an immediate response from our side.
closebutton
Only 45 characters allowed.
closebutton

$ 629.35