Question: A parent decides to save for their daughter's education by investing in a 529 plan. The parents will $1,000 at the end of the first

A parent decides to save for their daughter's education by investing

A parent decides to save for their daughter's education by investing in a 529 plan. The parents will $1,000 at the end of the first year. The parents will contribute at the end of each year for 18 years. Each successive contribution will be 5% greater than the last contribution. The account is expected to earn 6% APR over the life of the investment. What will be the value of the 529 plan account at the end of the 18th year? (Round to the nearest dollar) O $38,691 $45,137 O $41,552 O $44,772 $41,426

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