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Posted on Sep 20, 2024

Assume the total cost of a college education will be $ 1 8 0 , 0 0 0 when your child enters college in 1

Assume the total cost of a college education will be $

180, 000

when your child enters college in

14

years. You have $

40, 000

to invest today. What rate of interest must you earn annually on your investment to cover the cost of your child

s education?

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