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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Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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