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Suppose the total cost of a college education will be $50,000 in 12 years for a child. The Parents have $5,000 to invest today. What rate of interest must they earn on investment to cover the cost of child"s education?

O a. 19.2%
O b. 21.15%
O c. 25.1%
O d. 12%

1 Answer

6 votes

Answer: D 12%

Step-by-step explanation:

i did the math

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