Question
Consider the following question: You plan to go to graduate school for 2 years, starting one year from now. Your tuition will be $30,000 per
Consider the following question:
"You plan to go to graduate school for 2 years, starting one year from now. Your tuition will be $30,000 per year for each of the years you attend graduate school. How much would you need to invest today in an account that earns 2% compounded annually to fund your graduate school?"
This question is an example of what type of Time Value of Money calculation?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
