Question $9$

$1$ pts

You want $$500,000$ in your investment account in $12$ years when your child enters college. You can afford to deposit $$130,000$ to the account today $)=(0.$ Your investment account should generate a $q,\%$ APR to achieve your goal.

Note: Write your answer in $\%$ terms with $2$ or more decimal places. For example, write $2\mathrm{.}54(\%)$ instead of $0\mathrm{.}0254.$