Dagny Taggart is a graduating college senior and she is considering the costs of going to medical
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Dagny Taggart is a graduating college senior and she is considering the costs of going to medical school. Beginning next fall, Dagny expects medical school tuition to run $47000 for the first year (paid at the end of each year) and she estimates that the tuition will increase by 4% each year.
If she is able to invest her money in an account paying 8% interest per year, then the present value to Dagny of four years of medical school tuition is?
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