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pts Tom's daughter is going to college 5 years from now. And Tom is preparing to pay for his daughter's college tuition. The tuition is

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pts Tom's daughter is going to college 5 years from now. And Tom is preparing to pay for his daughter's college tuition. The tuition is $20,000 per year. Tom's daughter is expected to finish her degree four years after she first enters the college. Question 18 4 pts Assume that the college allows students to pay their tuition at the end of the year, what is the amount of money that Tom needs to have when his daughter first enters the college? The discount rate is 4%. A. $80,000 B. $83,672.54 C. $20,000 D. $72,597.90 E. $78,236.15 4 pts

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