my question states : A 529 Plan is a college savings plan that allows relatives to invest money to pay for a child’s future college tuition; the account grows tax free. Lily wants to set up a 529 account for her granddaughter and wants the account to grow to $48,000.00 over 18 years. She believes the account will earn 5.3% compounded semi annually . To the nearest dollar how much will lily need to invest into the account now?

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