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P4-27 (similar to) Oestion Your segist varieran apvalho Tutoni 110.000 per year, the fecho you used to your de school high school for your over

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P4-27 (similar to) Oestion Your segist varieran apvalho Tutoni 110.000 per year, the fecho you used to your de school high school for your over the years of her schoong What is the present value of your tudo para o per year? How much would you need to have in the bank now to una tayo? The presentes Round to the color) Your oldest daughter is about to start kindergarten in a private school. Tuition is $10,000 per year, payable at the beginning of the school year. You expect to keep your daughter in private school through high school. You expect tuition to increase at a rate of 5% per year over the 13 years of her schooling. What is the present value of your tuition payments if the interest rate is 5% per year? How much would you need to have in the bank now to fund all 13 years of tuition? The present value is $. (Round to the nearest dollar.)

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