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You figure that the total cost of college will be $ 9 6 , 0 0 0 per year 1 8 years from today. If

You figure that the total cost of college will be $

96, 000

per year

18

years from today.

If your discount rate is

6 %

compounded annually, what is the present value today of

four years of college costs starting

18

years from today?

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