[quote=“JayS,post:17,topic:36110"”]
$5000 at 10% (if we were allowed to put this money in a decent investment account for example) compounding for 18 years = $30023.46. Even better, force parents to contribute $25 a month to be elligible for this initial 5k and it turns into $45037.54 in 18 years.
[/quote]
dont forget about 2-3 percent inflation and the fact that 10% interest at 100% security for 18 years is a pretty hard thing to obtain.