A financial planning service offers a college savings program The plan calls for you to make six annual payments of $ 1 6 , 8 0 0 each, with the first payment occurring today on your child s 1 2 th birthday Beginning on your child s 1 8 th birthday, the plan will provide $ 3 5 , 0 0 0 per year for four years What return is this investment offering

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A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $ 1 6 , 8

A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $

16, 800

each, with the first payment occurring today on your child

12

th birthday. Beginning on your child

18

th birthday, the plan will provide $

35, 000

per year for four years. What return is this investment offering?

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