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A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $12, 800 each, with the
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $12, 800 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 return is this investment offering? (Round your answer to 2 decimal places, (e. g. , 32. 16)) A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $12, 800 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 return is this investment offering? (Round your answer to 2 decimal places, (e. g. , 32. 16))
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