Assume the total cost of a college education will be $380,000 when your child enters college in 16 years. you presently have $62,000 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 and enter your answer as a percent rounded to 2 decimal places,
e. g., 32.16.)

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.