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Assume education costs are $15,000 in today's dollars. Brock would like to fund four years of education for his daughter Brianna, currently age 12, when

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Assume education costs are $15,000 in today's dollars. Brock would like to fund four years of education for his daughter Brianna, currently age 12, when she reaches 18. If we assume Brock can earn 9 percent on his investments and education inflation is 6 percent, what is the present value of this education goal? Assume the Traditional Method which uses the real rate. Further assume you want the funds for each year of college to be available at the beginning of the year. Please enter your answer in dollars and cents in the following form: Three dollars and seventy-five cents ($3.75) should be entered as 3.75. Please do not include the "$" sign. Assume education costs are $15,000 in today's dollars. Brock would like to fund four years of education for his daughter Brianna, currently age 12, when she reaches 18. If we assume Brock can earn 9 percent on his investments and education inflation is 6 percent, what is the present value of this education goal? Assume the Traditional Method which uses the real rate. Further assume you want the funds for each year of college to be available at the beginning of the year. Please enter your answer in dollars and cents in the following form: Three dollars and seventy-five cents ($3.75) should be entered as 3.75. Please do not include the "$" sign

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