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John Foresight has just invested $ 1 0 , 2 6 0 for his son ( age one ) . The money will be used

John Foresight has just invested $10,260 for his son (age one). The money will be used for his son's education 20 years from now. He calculates that he will need $168,197 for his son's education by the time the boy goes to school.
What rate of return will Mr. Foresight need to achieve this goal? (Use Excel to arrive at the answer. Round the final answer to 2 decimal places.)
Rate of return %
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