A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $13,500 each, with the first payment occurring today, your child’s 12th birthday. Beginning on your child’s 18th birthday, the plan will provide $27,000 per year for four years. What return is this investment offering? ________%

Answer rating: 100% (QA)

Solution Calculation of rate of ret... View the full answer