Question
You figure that the total cost of college will be $94,000 per year 18 years from today. If your discount rate is 11% compounded annually,
You figure that the total cost of college will be $94,000 per year 18 years from today. If your discount rate is 11% compounded annually, what is the present value today of four years of college costs starting 18 years from today?
The present value today of four years of college costs starting 18 years from today is ____. (Round to the nearest dollar.)
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Pricing And Hedging Financial Derivatives A Guide For Practitioners
Authors: Leonardo Marroni, Irene Perdomo
1st Edition
1119953715, 978-1119953715
