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Assume the total cost of a college education will be $200,000 when your child enters college in 16 years. You presently have $55,000 to invest.

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Assume the total cost of a college education will be $200,000 when your child enters college in 16 years. You presently have $55,000 to invest. What rate of interest must you earn on your investment to cover the cost of your child's college education? 7.28% 8.40% 6.32% 09.50% 11.51%

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