A scholarship service wants to set aside an amount today to cover a particular students college costs. The student will receive $15,000 per year for
A scholarship service wants to set aside an amount today to cover a particular students college costs. The student will receive $15,000 per year for 4 years, beginning in year 2. What is the present value of the entire scholarship amount, assuming an interest rate of 8%?
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Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
