What annual rate of interest must you earn on your investment to cover the cost of your child’s...

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Calculating Interest Rates. Assume the total cost of a university education will be $250?000 when your child enters university in eighteen years. You presently have $35?000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s university education? Nov 14 2013 09:58 AM

 

Solution ID:609043 | This paper was updated on 26-Nov-2015

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