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Calculating Rates of Return Assume the total cost of a college education will be $ 2 3 5 , 0 0 0 when your child

Calculating Rates of Return Assume the total cost of a college education

will be $

235, 000

when your child enters college in

18

years. You presently

have $

53, 000

to invest. What annual rate of interest must you earn on your

investment to cover the cost of your child's college education?

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