Determining the return on investment offering


Problem:

PA financial planning service offers a university savings program. The plan calls for you to make six annual payments of $9,000 each, with the first payment occurring today, your child's 12th birthday. Beginning on your child's 18th birthday, the plan will provide $20,000 per year for four years

Question:

What return is this investment offering?

Note: Please provide reasons to support your answer.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Determining the return on investment offering
Reference No:- TGS0879671

Expected delivery within 24 Hours