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Kathy expects to pay $20,000 today and for each of the next three years for her college tuition. Inher degree enables her to earn an

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Kathy expects to pay $20,000 today and for each of the next three years for her college tuition. Inher degree enables her to earn an average of $5,000 more each year over her 25-year career, what is the NPV of her investment if her cost of capital is 5% and her first increased paycheck will be received five years from today

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