: HW2 Assignment Score: 0 00% Save Submit Assignment for Grading Problem 7-05 Question 8 of 20 Check My Work (1 remaining) eBook Problem 7-05 Holly wants to have $220,000 to send a recently born child to college. She sets up a 529 plan and wants to know how much she must invest at the end of each year for the next 17 years if the funds can earn 5 percent. Use Appendix C to answer the question. Round your answer to the nearest dollar. If she can earn 6 percent, how much less will she have to invest each year? Use Appendix C to answer the question. Round your answer to the nearest dollar 4% 5% 6% 7% 8% 9% 10% 12% year) 1% 2% 3% 1.000 1000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 10001 22.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.160 2.200 8.030 3.060 3.091 3.122 3152 3184 3.215 3246 3278 3310 3374 3440 3506 3.640 4.184 4.246 4.310 4.375 4.440 4506 4573 4.641 4.770 4.921 5.067 5.368 5.416 5.526 5637 5.751 5.867 5985 6.105 6.353 6.610 6877 7.442 4.641 4 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4.506 5 5.101 5.204 5.309 6 6152 6308 6.468 6633 6.802 6.975 7153 7.336 7523 7716 8.115 8536 8.978 9930 7898 8.142 8.394 8654 8.923 9.200 9.487 10.089 10.730 11.413 12.915 8 8.286 8583 8.892 9.214 9.549 9.897 10.260 10.637 028 11436 12.300 13.233 14240 16.499 7434 7662 7 9 9.369 9.755 10.159 10.583 11.027 11.491 11978 12.488 13.021 13.579 14.776 16.085 17518 20.798 10 10.462 10.950 11.464 12.006 12.578 13.181 13.816 14.487 15.193 15.937 17549 19.337 21.321 25.958 11.567 12.169 12.808 13.486 14.207 14.972 15.784 16.645 17.560 18.531 20.655 23.044 25.732 32.150 .850 39.580 13 13.809 14.680 15.618 16.627 17713 18.882 20.141 21.495 22.953 24.523 28.029 32.089 36.786 48.496 7.152 29.361 31.772 37.280 43.84251.659 72.035 12 12.683 13.412 14.192 15.26 15.917 16.870 17.888 18.977 20.141 21.384 24.138 27.271 30 14 14947 15.974 17086 18.292 19.599 21.051 22.550 24.215 26.019 27975 32.393 37581 43.6 15 16.097 17.293 18.599 20.024 21.579 23.276 25.129 27 6 17258 18.639 20.157 21.825 23.657 25.673 27.888 30.324 33.003 35.950 42.753 50.980 60925 87.442 17 18.430 20.012 21.762 23.698 25.840 28.213 30.840 33.750 36.974 40.545 48.884 59.118 18 19.615 21.412 23.414 25.645 28.132 30906 33.999 37.450 41.301 45.599 55.750 68.9 19 20.811 22.841 25.117 27.671 30.539 33.760 37.379 41.446 46.018 51.159 63440 78.969 20 22.019 24.297 26870 29.778 33066 36.786 40.995 45.762 51.160 57.275 72.052 91.025 57.275 72.052 91.025115.370 186.68 25 28.243 32.030 36.459 41.646 47.727 54.865 63.249 73.106 84701 9 98.347 133.33 181.87 249.210 471.98 0 34.785 40.568 47.575 56.085 66.439 79.058 94.461 113.283 136.308 164.494 241.333 356.878