In: Finance
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $14,800 each, with the first payment occurring today on your child’s 12th birthday. Beginning on your child’s 18th birthday, the plan will provide $35,000 per year for four years. |
What return is this investment offering? |
Please refer to below spreadsheet for calculation and answer. Cell reference also provided.
Cell reference -
Hope this will help, please do comment if you need any further explanation. Your feedback would be appreciated.