Assume the total cost of a university education will be $290,000 when your child enters university in
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Assume the total cost of a university education will be $290,000 when your child enters university in 18 years. You currently have $55,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s university education?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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