Problem 4.06 – Cost of College Education

Essentials of Corporate Finance

Ross, Westerfield, and Jordan

10th Edition and 11th Edition

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What annual interest rate must be earned on an investment of the present amount to cover the future cost of a college education? They give you what the cost of college will be when your kid enters college and ask you for the annual rate of return you must earn in order to pay for it.

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