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Assume the total cost of a college education will be $233,047 when your child enters college in 16 years. You presently have $61.906 to invest.

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Assume the total cost of a college education will be $233,047 when your child enters college in 16 years. You presently have $61.906 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? Answer as a decimal fraction to four decimal places - ie, if you get 8.23%, enter the answer as 0.0823

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