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Assume the total cost of a university education will be $90,000 when your child onters university in 6 years. You presently have $55,000 to invest.

Assume the total cost of a university education will be $90,000 when your child onters university in 6 years. You presently have $55,000 to invest. What annuat rate of interost (APR) must you earn, if the interest is compounded monthly? Enter your answer as a porcentage. Do not include the percentage sign in your answer. Enter your response below rounded to two decimal places

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