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Problem 145 111e uniyersity your daughter wants to go in the fall of 201? requested that you pay the tuition for all 4 years upfront

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Problem 145 111e uniyersity your daughter wants to go in the fall of 201? requested that you pay the tuition for all 4 years upfront when she starts school. The current annual tuition hill is $50,000. You expect the ination rate to he 2% per year, and that the university pays an internal 4 '56 interest rate per year for the fouryear period. [i]: What is the present Iworth of your payment? [i] If you receive a 20% reduction of the upfront tuition cost, how much would you have to pay

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