What is the net present value of a project that has an initial cost of $40,000 and produces cash inflows of $8,500 a year for 10 years if the discount rate is 13 percent

Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. you presently have $69,000 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. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)