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#25 A young graduate wants to own the latest, greatest cell phone plan from Horizon Wireless. The graduate purchases a plan that costs $279.00 per

#25 A young graduate wants to own the latest, greatest cell phone plan from Horizon Wireless. The graduate purchases a plan that costs $279.00 per month. Let's assume that the cost of this plan is constant and that payments are at the end of the month. If the graduate will hold this plan forever, what is the cost in today's dollars? (assume that the graduate has a 7.08% APR discount rate) Submit Answer format: Currency: Round to: 2 decimal places

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