What rate of return is this investment being offer

Reference no: EM13286852

A financial planning service offers college savings program. The plan calls for you to make six payments of $8,000 each, with the first payment occurring today. Your child's 12th birth day. Begging on your child's 18th birthday, the plan will provide $20,000 per year for four years. What rate of return is this investment being offer?

Reference no: EM13286852

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