Franklin Templeton has just invested $9,660 for his son (age one). This money will be used for his son's education 18 years from now He calculates that he will need $53,667 by the time the boy goes to school. What rate of return will Mr. Templeton need in order to achieve this goal? Use for an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Franklin Templeton has just invested $9,660 for his son (age one). This money will be used for his son's education 18 years from now He calculates that he will need $53,667 by the time the boy goes to school. What rate of return will Mr. Templeton need in order to achieve this goal? Use for an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places