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The total cost of college will be $ 7 5 , 0 0 0 when Jonathan and Charlotte's son Jamal will attend college in 1

The total cost of college will be $

75, 000

when Jonathan and Charlotte's son Jamal will attend college in

18

years.

The couple currently have $

7, 000

to invest. What is the rate of return must Jonathan and Charlotte earn on their investment to cover Jamal's college education?

Answer: what is being ask to solve for: FV

,

,

PRM

,

,

?

Provide the calculated answer.

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