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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 18th birthday?


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

Correct Answer:

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