How much can they withdraw on his 18th birthday

Reference no: EM13304268

Students parents established a college savings plan for the student when he was born. They deposited $50 into the account on the last day of each month. The account has earned 10% compounded monthly, tax-free. How much can they withdraw on his 18th birthday to spend on his education. Please Show work! Ans $27,360, $30,028, $33,407, $43,630

Reference no: EM13304268

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