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At age 40, Joe is considering quitting his job and going back for a college degree. He needs two more years full-time. Tuition is $10,000

At age 40, Joe is considering quitting his job and going back for a college degree. He needs two more years full-time. Tuition is $10,000 per year, paid today and exactly one year from now.If the interest rate is 7 percent, then the present value of the tuition payments is $:

Group of answer choices

a. 19259.26

b.20800

c. 19345.79

d. 19174.32

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