Question
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,000 each, with the first
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,000 each, with the first payment occurring today, your childs 12th birthday. Beginning on your childs 18th birthday, the plan will provide $27,000 per year for four years.
What return is this investment offering? |
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
