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Assume the total cost of a college education will be $100,000 when your child enters college in 10 years. You presently have $40,000 to invest.

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Assume the total cost of a college education will be $100,000 when your child enters college in 10 years. You presently have $40,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? 10.30% 11.2696 9.6096 8.52%

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