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What annual rate of interest must you earn

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Reference no: EM132571613

Assume the total cost of a college education will be $380,000 when your child enters college in 16 years. You presently have $62,000 to invest.

What annual rate of interest must you earn on your investment to cover the cost of your child's college education? (Do not round intermediate calculations

Reference no: EM132571613

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