Multiple Choice
You setup an educational savings plan that will pay $15,000 to your newborn child in 18 years. If the plan uses a rate of 4.75% per year, what was contributed into this plan?
A) $4,459
B) $5,800
C) $6,506
D) $7,007
E) $8,576
Correct Answer:
Verified
Correct Answer:
Verified
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