You figure that the total cost of college will be $96,000 per year 18 years from today.

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If your discount rate is 6% compounded annually, what is the present value today of four years of college costs starting 18 years from today?

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Feb 27, 2024 03:07 AM

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You figure that the total cost of college will be $96,000 per year 18 years from today.

Question:

Step by Step Answer:

To find the present value of the future college costs we need to consider the following Fu...View the full answer

Fundamentals Of Corporate Finance

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