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Assume the total cost of a college education will be $ 4 1 0 , 0 0 0 when your child enters college in 1

Assume the total cost of a college education will be $410,000 when your
child enters college in 15 years. You presently have $68,000 to invest.
What annual rate of interest must you earn on your investment to cover the
cost of your child's college education?
Note: Do not round intermediate calculations and enter your answer as
a percent rounded to 2 decimal places, e.g.,32.16.
Annual rate
%
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