Assume the total cost of a college education will be $$250,000$ when your child enters

college in $17$ years. You presently have $$59,000$ to invest. What annual rate of interest

must you earn on your investment to cover the cost of your child's college education?

$($Do not round intermediate calculations and enter your answer as a percent rounded

to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Annual rate of interest