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Assume the total cost of a college education will be $130,774 when your child enters college in 17 years. You presently have $38,093 to invest.

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Assume the total cost of a college education will be $130,774 when your child enters college in 17 years. You presently have $38,093 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 as 3 decimal places (e.g. 0.123)

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