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Assume the total cost of a university education will be $ 8 0 , 0 0 0 when your child enters university in 7 years.

Assume the total cost of a university education will be $ $80, 000$ when your child enters university in $7$ years. You presently have $ $45, 000$ to invest. What annual rate of interest $($ APR $)$ must you earn, if the interest is compounded quarterly? Enter your answer as a percentage. Do not include the percentage sign in your answer.

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