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Assume the total cost of a college education will be $220,000 when your child enters college in 15 years. You presently have $85,542 to invest.

Assume the total cost of a college education will be $220,000 when your child enters college in 15 years. You presently have $85,542 to invest. What is the weekly rate of interest that you must earn to cover your childs education? What is the EAR?

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