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Assume the total cost of a college education will be $ 2 6 5 , 0 0 0 when your child enters college in 1

Assume the total cost of a college education will be $265,000 when your child enters college in 18 years. You presently have $25,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education?
Select one:
A.9.01%
B.11.01%
C.10.25%
D.14.01%
E.15.65%
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