Question: please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank

please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank you

  1. You have expectations that your daughter will attend Columbia University in 25 years and that the cost of an ivy league education will be close to $560,500 (4-year program). You have recently received $65,000, corporate incentive award, to invest in your daughters education. What annual rate of return must you earn on your investment to cover your daughters future educational expenses?

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