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please answer clearly, thanks. Your daughter is considering two options for her career. The first is to go to law school at Harvard. You estimate

please answer clearly, thanks.
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Your daughter is considering two options for her career. The first is to go to law school at Harvard. You estimate this will cost you $500,000 and you will have to pay this in one lump sum 5 years from today. Her alternative is to go to Europe to a musical conservatory school. For this she will need a violin worth $100,000 which you need to buy now. The cost of her schooling will be $100,000 per year for 3 years starting in 2 years. That is, in 2 years you will need $100,000, another $100,000 in 3 years and another $100,000 in 4 years. If the interest you can achieve is 10% compounded annually which option requires less money if you invest today to cover these educational expenses? Answer Place onlyyour final answer in the box

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