Solution-How much she must invest at the end of each year

How much she must invest at the end of each year

Reference no: EM132235030

Holly wants to have $200000 to send a newborn child to college. She sets up a 529 plan and wants to know how much she must invest at the end of each year (ordinary annuity) for the next 18 years if the funds earn 5%.

Reference no: EM132235030

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How much she must invest at the end of each year

Reference no: EM132235030

Reference no: EM132235030

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Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

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Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

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