A financial planning service offers a college savings program. The plan calls for you to make six
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A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $5,000 each, with the first payment occurring today, your child’s 12th birthday. Beginning on your child’s 18th birthday, the plan will provide $15,000 per year for four years. What return is this investment offering?
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To calculate the return or rate of return also known as the yield of this investment you can use the ...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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