Question: THIS PROBLEM HAS 2 QUESTIONS. EACH QUESTION HAS 4 POSSIBLE ANSWERS. THERE IS A DROPDOWN MENU FOR EACH QUESTION. You are planning to start graduate

THIS PROBLEM HAS 2 QUESTIONS. EACH QUESTION HAS 4 POSSIBLE ANSWERS. THERE IS A DROPDOWN MENU FOR EACH QUESTION. You are planning to start graduate school in three years. Your first-year tuition is $15,000 to be paid at t=3 and your second-year tuition is $17,000 to be paid at t=4. Estimate the amount of money you need to invest today in a mutual fund to cover your future tuition expenses. Question 1: Assume the mutual fund yields 4.0%. The initial amount to be invested today is I fund yields 8.0%. The initial amount to be invested today is THIS PROBLEM HAS 2 QUESTIONS. EACH QUESTION HAS 4 POSSIBLE ANSWERS. THERE IS A DROPDOWN MENU FOR EACH QUESTION. You are planning to start graduate school in three years. Your first-year tuition is $15,000 to be paid at t=3 and your second-year tuition is $17,000 to be paid at t=4. Estimate the amount of money you need to invest today in a mutual fund to cover your future tuition expenses. Question 1: Assume the mutual fund yields 4.0%. The initial amount to be invested today is Question 2: Assume the mutual fund yields 8.0%. The initial amount to be invested today is
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