After selling the family farm and splitting the proceeds with your siblings, your inheritance is 66,475. you plan to use that money to send your quadruplets to college in 10 years. you estimate that tuition will cost 200,000. what interest rate do you need to earn on your investment to meet your financial goals?

11.64%

Explanation:

We use the Rate formula shown in the spreadsheet for this question.

The NPER represents the time period.  

Given that,  

Present value = $66,475

Future value or Face value = $200,000

PMT = $0

NPER = 10 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative

Hence, the interest rate is 11.64%

answer; the cpi;