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CH 4 Q 6 Calculating Rates of Return. Assume the total cost of a college education will be $ 2 8 0 , 0 0

4

6

Calculating Rates of Return. Assume the total cost of a college education will be

280, 000

when your child enters college in

18

years. You presently have $

45, 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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