Question
Assume the total cost of a university education will be $210,000 when your child enters university in 8 years. You presently have $180,000 to invest.
Assume the total cost of a university education will be $210,000 when your child enters university in 8 years. You presently have $180,000 to invest. What annual rate of interest (APR) must you earn, if the interest is compounded monthly? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below rounded to two decimal places.
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The Complete Personal Finance Handbook
Authors: Teri B Clark
1st Edition
160138047X, 978-1601380470
