Question
Jessica's daughter is 6 years away from starting her post-secondary education, which Jessica estimates will cost $75,000, in current day dollars. If Jessica expects
Jessica's daughter is 6 years away from starting her post-secondary education, which Jessica estimates will cost $75,000, in current day dollars. If Jessica expects this current day cost to increase by 2.5% annually during each of the next 6 years, calculate the approximate future cost at the end of 6 years.
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Taxation For Decision Makers 2014
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