You have invested $12.000 into a 529 account for your child that paid you an annual...

 

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You have invested $12.000 into a 529 account for your child that paid you an annual return of 6.3% for the first 5 years, and then it paid 4.4% for the next 2 years. It then pays 37% for the next 4 years, and then pays 7.2% for the final 7 years. What was your rate of return in the 529 account after the first 5 years until the end of the 18th year? Do not enter % just put the number for the interest rate to the nearest 100th. (Example, 3.34 or 2.60, not 3.34% or 2.60%) Numeric Response You have invested $12.000 into a 529 account for your child that paid you an annual return of 6.3% for the first 5 years, and then it paid 4.4% for the next 2 years. It then pays 37% for the next 4 years, and then pays 7.2% for the final 7 years. What was your rate of return in the 529 account after the first 5 years until the end of the 18th year? Do not enter % just put the number for the interest rate to the nearest 100th. (Example, 3.34 or 2.60, not 3.34% or 2.60%) Numeric Response

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To calculate the overall rate of return in the 529 account after the first 5 years until the end of ... View the full answer