You wish to start a savings plan for your newborn child's college education. To do so you

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You wish to start a savings plan for your newborn child's college education. To do so you plan to invest $4,000 each year into an account which grows at 4.5% annually. What will be the value of your accountin 18 years?

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Approximately $107,420

Approximately $109,760

Approximately $112140

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Jan 26, 2024 06:22 AM

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You wish to start a savings plan for your newborn child's college education. To do so you

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Personal Finance Turning Money into Wealth

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