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4 10 points A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $13,300 each,
4 10 points A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $13,300 each, with the first payment occurring today, your child's 12th birthday. Beginning on your child's 18th birthday, the plan will provide $32,000 per year for four years. What retum is this investment offering? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Stoped Retum Beginning three months from now, you want to be able to withdraw $2,000 each quarter from your bank account to cover college expenses over the next four years. If the account pays .42 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value
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