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A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,500 each, with the first
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,500 each, with the first payment occurring today, your childs 12th birthday. Beginning on your childs 18th birthday, the plan will provide $28,000 per year for four years.
What return is this investment offering?
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