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Assume the total cost of a university education will be $150,000 when your child enters university in 6 years. You presently have $120,000 to invest.

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Assume the total cost of a university education will be $150,000 when your child enters university in 6 years. You presently have $120,000 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. Number

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