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Suppose you borrow money from your parents for college tuition on January 1, 2021. Your parents require six annual payments of $1,000 each, with
Suppose you borrow money from your parents for college tuition on January 1, 2021. Your parents require six annual payments of $1,000 each, with the first payment due on January 1, 2025. They are charging you 4% annual interest. What is the cost of the college tuition? $2,909.37 O 4,660 24 O $3,593.85 O $4,000.00
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
