Assume the total cost of a college education will be $222,020 when your child enters college in 16 years. You presently have $34,502 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education?Enter answer in 3 decimal places (e.g. 0.123) Question 3 1 pts You plan to retire in 27 years. You are debating whether to deposit $49,211 into an account earning 5 percent annually today or waiting 7 years before making the deposit. How much more will be in the account when you retire in 27 years if you make the deposit today as opposed to waiting 7 years to make the first deposit? Question 4 1 pts You currently have $9.462. You plan on investing it at 13 percent per year until you have $98,615. How long will you wait until you achieve this goal? Enter the answer with 2 decimals (e.g. 1.23)