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Problem:

PA financial planning service offers a university savings program. The plan calls for you to make six annual payments of $9,000 each, with the first payment occurring today, your child's 12th birthday. Beginning on your child's 18th birthday, the plan will provide $20,000 per year for four years

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.:- M91149573

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