You figure that the total cost of college will be $96,000 per year 18 years from today.
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You figure that the total cost of college will be $96,000 per year 18 years from today.
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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To find the present value of the future college costs we need to consider the following Fu...View the full answer
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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