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Question 13 1 pts Your child has just started college at a private school which currently cost $60,000 per year. He will go to college

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Question 13 1 pts Your child has just started college at a private school which currently cost $60,000 per year. He will go to college for 4 years, starting now. You expect tution to increase in cost by 5% per year over the next 3 years The college offers you the opportunity to pay $200,000 for all four years regardless of any tuition price increases, but you have to pay the $200,000 today. If your investments earn 10% per year, how much would you save by paying all the tuition today

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