What will the value of the account be on the childs birthday, Financial Accounting

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What will the value of the account be on the childs birthday

Problem

A family has a child and opens a 529 plan, a tax-advantaged investment account that can be used for educational expenses. The parents and other family members plan to contribute a total of $2,500 at the end of every year. If the 529 plan earns 4.5% annually, what will the value of the account be on the child's 18th birthday?

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Financial Accounting: What will the value of the account be on the childs birthday

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Financial Accounting: What will the value of the account be on the childs birthday

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