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Assume the total cost of a college education is $400,000 in 10 years. If your child receives $350,000 in scholarships this leaves you with $50,000
Assume the total cost of a college education is $400,000 in 10 years. If your child receives $350,000 in scholarships this leaves you with $50,000 needed to fund your child's college education. If you have $5,000 to invest today, approximately what percentage return do you need to have $50,000 in 10 years?
a. 30%
b. 26%
c. 22%
d. 18%
e. none are within 5 percentage points
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