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Future value. Upstate University charges $20,000 a year in graduate tuition. Tuition rates are growing at 3.25% each year. You plan to enroll in graduate

Future

value.

Upstate University charges

$20,000

a year in graduate tuition. Tuition rates are growing at

3.25%

each year. You plan to enroll in graduate school in

five

years. What is your expected graduate tuition in

five

years?

What is your expected graduate tuition in

five

years?

$nothing

(Round to the nearest cent.)

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