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Assume the total cost of a college education will be $145,000 when your child enters college in 15 years. You presently have $56,500 to invest

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Assume the total cost of a college education will be $145,000 when your child enters college in 15 years. You presently have $56,500 to invest for this purpose. What annually compounded rate of interest must you earn to cover the cost of your child's college education? 5.79% 5.50% 6.53% 6.48% None of these answers are correct

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