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You are a proud new parent .Assume your child will marry in 28 years and it is tradition for you to foot the bill. You
You are a proud new parent .Assume your child will marry in 28 years and it is tradition for you to foot the bill. You estimate the cost will be 200,000 when your child finally ties the knot. You currently have 25,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your childs marriage ceremony?
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