Question
You figure that the total cost of college will be $91,000 per year 18 years from today. If your discount rate is 12% compounded annually,
You figure that the total cost of college will be
$91,000
per year 18 years from today. If your discount rate is
12%
compounded annually, what is the present value today of four years of college costs starting 18 years from today?
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
