You want to start an Coverdell Education Savings Account for your child. Suppose that you contribute $500 each year to this account for 18 years, starting when he or she is born. If you can earn 8% on the deposits, how much will be on deposit at the end of the 18th year?

Answer rating: 100% (QA)

In this scenario you are making an annuity due deposit ... View the full answer