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What rate of annual return do they need to achieve

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Reference no: EM133121201

Assume the couple John and Helen want to fund a college education for their son, William, age 2. William will attend 4 years of college starting at age of 18. He needs $100,000 available at age 18 for his college expense. Starting from now, the couple plans to invest $6,000 to the 529 education fund at the end of each year. What rate of annual return do they need to achieve?

Reference no: EM133121201

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