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Assume the total cost of a college education will be $220,000 when your child enters...

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Assume the total cost of a college education will be $220,000 when your child enters college in 17 years. You presently have $60,000 to invest. What rate of interest must you earn on your investment to cover the cost of your child's college education? Multiple Choice O 922 percent 8.50 percent () 294 percent 8.25 percent 825 percent 6.81 percent

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