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What is the value of the plan upon the beginning

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Problem 1: To save for your newborn son's college education, you will invest $100 at the end of each month for the next 18 years. The interest rate earned is 12 percent. What is the value of the 529 Plan upon the beginning of the first semester of college?

Group of answer choices

Option 1: $75,786

Option 2: $13,860

Option 3: $34,931

Option 4: $57,440

Reference no: EM132811864

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