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1 Assume the total cost of a college education will be $90,000 when your child enters college in 18 years. You have $7,000 to invest

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1 Assume the total cost of a college education will be $90,000 when your child enters college in 18 years. You have $7,000 to invest today. What annual rate of return must you eam on your investment to cover the cost of your child's education? 2. How long would it take for an investment to triple at a 6% annual rate of return

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