If Your Parents Deposited $5,000

question 42

Multiple Choice

If your parents deposited $5,000.00 into an account for you when you were born as part of a 529 college savings fund that grew at an average rate of 8% annually,how much will you have in your college savings fund on your 18^th birthday?

• A)$6,099.29
• B)$19,980.10
• C)$12,520.59
• D)$50,795.32

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Definitions:

Mania

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Empowers

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