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We guess that the cost of a college education will be $250,000 when Mr. Balli's boy enters university in 15 years' time. If the discount

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We guess that the cost of a college education will be $250,000 when Mr. Balli's boy enters university in 15 years' time. If the discount rate is 6.66% per annum, compounded monthly, what is the present value (in 2 decimal places)? [3 marks] Do not enter "\$" in your answer. For example, enter "1000.23" for "\$1000.23

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