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LO 3 6 . Calculating Rates of Return Assume the total cost of a college education will be $ 3 2 5 , 0 0

3 6 .

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

325, 000

when your child enters cdllege in

18

years. You presently have $

85, 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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