Mary is going to law school in a year. The first year tuition $80,675 is due a year from now. The second and third tuition is $85,300 and $90,225, respectively. Assuming the discount rate is 4%

What is the total cost in terms of present value?Do not include thousand separator and $.

Answer rating: 100% (QA)

To calculate the total cost in terms of present value we need to discount each tuition payme... View the full answer