You figure that the total cost of college will be $100,000 per year 18 years from today. If your discount rate is 8% compounded annually, what is the present value today of four years of colle costs starting 18 years from today? The present value today of four years of college costs starting 18 years from today is $ (Round to the nearest dollar.)

You figure that the total cost of college will be $100,000 per year 18 years from today. If your discount rate is 8% compounded annually, what is the present value today of four years of colle costs starting 18 years from today? The present value today of four years of college costs starting 18 years from today is $ (Round to the nearest dollar.)

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 15PROB

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