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Ethan estimates that it will cost $250,000 to send his daughter, Eva, to college in 18 years. He currently has $100,000 to deposit in an

Ethan estimates that it will cost $250,000 to send his daughter, Eva, to college in 18 years. He currently has $100,000 to deposit in an account. What simple interest rate must his account earn in order to be able to do this?

a. 13.9% b. 2.22% c. 3.3% d. 8.33%

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