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6. Calculating Rates of Return. Assume the total cost of a college education will be $295,000 when your child enters college in 18 years. You

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6. Calculating Rates of Return. Assume the total cost of a college education will be $295,000 when your child enters college in 18 years. You presently have $53,000 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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