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Assume the total cost of a university education will be $ 2 5 0 , 0 0 0 when your child enters university in 6

Assume the total cost of a university education will be $250,000 when your child enters university in 6 years. You presently have $220,000 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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