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Assume the total cost of a college education will be $400,000 when your child enters ollege in 17 years. You presently have $66,000 to invest.
Assume the total cost of a college education will be $400,000 when your child enters ollege in 17 years. You presently have $66,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your :hild's college education? (Do not round intermediate calculations and enter your Inswer as a percent rounded to 2 decimal places, e.g., 32.16.)
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