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Suppose you want to give your newborn baby $100 upon her elementary school graduation, $1,000 upon her high school graduation, and then $10,000 upon her
Suppose you want to give your newborn baby $100 upon her elementary school graduation, $1,000 upon her high school graduation, and then $10,000 upon her college graduation. What is the present value of these amounts? Assuming your child will graduate form elementary school in 12 years, high school in 18 years, and college in 22 years. The discount rate is 12%
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
