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2. (4 points) Assume the total cost of a college education will be $285,000 when your child enters college in 16 years. You presently have

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2. (4 points) Assume the total cost of a college education will be $285,000 when your child enters college in 16 years. You presently have $35,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education

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