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Suppose you borrow money from your parents for college tuition on January 1, 2015. Your parents require four annual payments of $20,000 each, with the

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Suppose you borrow money from your parents for college tuition on January 1, 2015. Your parents require four annual payments of $20,000 each, with the first payment due on January 1, 2019. They are charging you 4% annual interest. What is the cost of the cole e tuition? Use spreadsheet software or a f ancial calculator to calculate your answer. Round intermediary calculations two decimal places and round your final answer to the nearest dollar) OA. $75,502 O B. S64.539 C. OD, $80,000 $59,805

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