Problema financial planning service offers a college, Ask an Expert

Finance

Problem:

A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,500 each, with the first payment occurring today, your childs 12th birthday. Beginning on your childs 18th birthday, the plan will provide $28,000 per year for four years.

Task:

Question: What return is this investment offering?

Note: Please provide reasons to support your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149418

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