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Calculate the interest rate at which you have to invest today to achieve your goal. SHOW CALCULATIONS AND WHAT NUMBERS GO INTO THE FORMULA.

You expect your newly born child to attend college in 18 years. You have $12,000 to set aside for that purpose.
You also expect that the total cost of college education to be $100,000 by that time.
Calculate the interest rate at which you have to invest today to achieve your goal. SHOW CALCULATIONS AND WHAT NUMBERS GO INTO THE FORMULA.
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