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Assume the total cost of a college education will be $260,000 when your child enters college in 15 years. You presently have $54,000 to invest.

Assume the total cost of a college education will be $260,000 when your child enters college in 15 years. You presently have $54,000 to invest. Required: What annual rate of interest must you earn on your investment to cover the cost of your childs college education?

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