Question: Use the data below and find the annualized yield on a prepaid tuition credit: The cost of one credit this year is $499 Prepaid tuition

Use the data below and find the annualized yield on a prepaid tuition credit: The cost of one credit this year is $499 Prepaid tuition credits currently sell at a 12% premium The expected education inflation rate is 3% The credits are expected to be used in 6 years

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