You expect your newly born child to attend college in 18 years. You have $12,000 to set
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You expect your newly born child to attend college in 18 years. You have $12,000 to set aside for that purpose. You also expect that the total cost of college education to be $100,000 by that time.
Calculate the interest rate at which you have to invest today to achieve your goal.
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Related Book For
Introduction To Probability And Statistics
ISBN: 9781133103752
14th Edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
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