A financial planning service offers a college savings, Financial Management

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A financial planning service offers a college savings

A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,000 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?

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