Suppose an education plan will cost $36,000 every year for 3 years, with the first cost paid

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Suppose an education plan will cost $36,000 every year for 3 years, with the first cost paid in 4 years from now. If the annual rate of return is 10.40% , how much money do you need to set aside today to finance this education plan?

$172,979

$88,900

$108,000

$66,068

$59,845

Please explain how to solve using financial calculator not excel

Posted Date: May 18, 2024 04:00 AM

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Suppose an education plan will cost $36,000 every year for 3 years, with the first cost paid

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