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Dara is saving for his child's education. He assumes the total cost will be $ 2 5 0 , 0 0 0 when their child

Dara is saving for his child's education. He assumes the total cost will be $250,000 when their child begins college in 18 years. Dara presently has $70,000 to invest. What annual rate of interest must Dara earn on the investment to cover the cost of his child's education?
7.33%
357.14%
0.59%
-6.83%
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