Question: Please answer the below questions below within the next hour: 1. Assume the total cost of a college education will be $250,000 when your child
Please answer the below questions below within the next hour:
1.
| Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. You presently have $72,000 to invest. |
| What annual rate of interest must you earn on your investment to cover the cost of your childs college education?
2.
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