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6. Calculating Interest Rates (LO3) Assume the total cost of a university education will be $300,000 when your child enters university in 18 years. You

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6. Calculating Interest Rates (LO3) Assume the total cost of a university education will be $300,000 when your child enters university in 18 years. You currently have $65,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's university education? 7. Calculating the Number of Periods (L03) At 6.5% interest, how long does it take to double your money? To quadruple it

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