Ted is enrolling in a 2-year graduate program costing $25,000 per year. If he earns 5.2%/year on
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Ted is enrolling in a 2-year graduate program costing $25,000 per year. If he earns 5.2%/year on his money, how much should he have at the start of his studies to pay for this? Spread the costs evenly over each month during his program; in other words, present value each month's expense. Assume he earns nothing on this savings once he starts the program.
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Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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