Erica has three types of deposits at her credit union. she has a checking account in her own name worth $42,000, a joint savings account with her husband, which currently holds $91,000, and an ira account worth $145,000. her deposits are at risk because they exceed the $250,000 limit on insurance coverage by ncua. a. true (t) b. false (f)

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.)