Question: Ted and Alice have a son who will begin university

Ted and Alice have a son who will begin university seven years from today. School expenses of $30,000 will need to be paid at the beginning of each of the four years that their son plans to attend university. What is the duration of this liability to the couple if they can borrow and lend at the market interest rate of 9 percent?



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  • CreatedJune 17, 2015
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