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I cannot figure out how to do part c. the answer in currently was incorrect. I would appreciate your help with the Excel formula. Thanks!

I cannot figure out how to do part c. the answer in currently was incorrect. I would appreciate your help with the Excel formula. Thanks!

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financial. However, to make an informed decision you would like to know the financial implications of the two allernatives. Lel's assume that your altematives are as follows: per year. Moreover, you expect your salary to grow by 9 percent per year until you retire 37 years later. as a lawyer. (Hint: assume that you are paid at the end of each year so that your first salary payment if you decide to go to law school occurs 4 years from now.) c. If you pay your law school tuition at the beginning of each year, what is the present value of your tuition, assuming a discount rate of 8 percent? a. What is the present value of the future earnings that you will realize by going directly to work, assuming a discount rate of 8 percent? (Round to the nearest cent.) b. What is the present value today of your future earnings if you decide to attend law school, assuming a discount rate of 8 percent? (Round to the nearest cent.) c. If you pay your law school tuition at the beginning of each year, what is the present value of your tuition, assuming a discount rate of 8 percent? (Round to the nearest cent.)

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