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Suppose that CSUSM offers you two payment plans for your last two years of college. You may either pay tuition of $20,000 per year at
Suppose that CSUSM offers you two payment plans for your last two years of college. You may either pay tuition of $20,000 per year at the beginning of each of the next two years, or pay just $38,000 before the start of freshman year. What would the interest rate have to be for you to be indifferent between these two deals? Explain.
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