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When your child enters college at 18 years of age, assume that the total cost of his/her college education will be $210,000. You currently have
When your child enters college at 18 years of age, assume that the total cost of his/her college education will be $210,000. You currently have $50,410 to invest today to fund their education in 18 years. What annual interest rate will you need to earn in order to cover the total cost of your child's college education? 1. 3.45% 2. 4.15% 3. 5.95% 4. 6.75% 5. 8.25%
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