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F301 Financial Management Indiana University has just revealed an innovative college education-financing plan for parents with small children (2 years old in this example). The
F301 Financial Management
- Indiana University has just revealed an innovative college education-financing plan for parents with small children (2 years old in this example). The plan allows parents to make a lump-sum contribution of $9,575.80 now to cover 4 years of level tuition payments starting 16 years from now. If the plan assumes an annual interest rate of 10%, what annual tuition does this plan imply?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
