Assume the total cost of a college education will be 395000, Ask an Expert

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Assume the total cost of a college education will be $395,000 when your child enters college in 18 years. You presently have $65,000 to invest.

What annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Annual rate %

Assume the total cost of a college education will be $395,000 when your child enters college in 18 years. You presently have $65,000 to invest.

Annual rate %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92814248

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