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Parents want to know cost of college education for two children. The current cost of education is $35,000 in today's dollars with expected 5% inflation. They expect children to be in school for six years each and they expect rate of return 8.5% Calculate the Present value of education using an investment rate of return of 8.5%, assume 6 years of education and 5% education inflation (show your calculations) a) for the 4-year-old child b) for the 2-year-old child