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Education Plus financial services is offering education savings plan. The plan calls for you to make sik annual payments of $5,000 each, with the first payment occurring today. your childs 12th birthday. Beginning on your childs 18th birthday, the plan will provide $10,000 per year for four years. What return is this investment offering? a) 4.61% b) 4.97% c) 5.87% d) 6.49% e) 8.83% (
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B90 78 Birthday Cash flow 79 80 81 82 83 84 85 86 87 12 $ (5,000.00 13 $ (5,000.00 14 $ (5,000.00 15 (5,000.00 16 $ (5,000.00 17 $ (5,000.00 18 $ 10,000.00 19 $ 10,000.00 20 $ 10,000.00 21$ 10,000.00 89 90|IRRI 5.87%

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