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A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $16,500 each, with the first payment occurring today, your child’s 12th birthday. Beginning on your child’s 18th birthday, the plan will provide $28,000 per year for four years.

What return is this investment offering? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91265570

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