A man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into the account in order to have $70,000 saved up for when she goes to college in 17 years, assuming the account earns a 8% return. Annual deposit: $

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter5: Factoring Polynomials
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A man wants to set up a 529 college savings account for his granddaughter. How much would he
need to deposit each year into the account in order to have $70,000 saved up for when she goes to
college in 17 years, assuming the account earns a 8% return.
Annual deposit: $
Question Help: DVideo
Transcribed Image Text:A man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into the account in order to have $70,000 saved up for when she goes to college in 17 years, assuming the account earns a 8% return. Annual deposit: $ Question Help: DVideo
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