Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

You figure that the total cost of college will be $100,000 per year 18 years from today. If your discount rate is 8% compounded annually,

You figure that the total cost of college will be $100,000 per year 18 years from today. If your discount rate is 8% 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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant M. Datar, Madhav V. Rajan

16th edition

134475585, 978-0134475998, 134475992, 978-0134475585

Students also viewed these Finance questions

Question

From an ordinary card deck with 52 cards, we select n cards successively. We consider the events A1: the first card drawn is an ace; An: in the first n 1 selections (n 2), neither an ace nor a face...

Answered: 1 week ago

Question

★★★★★

Bishop, Inc., has current assets of $5,700, net fixed assets of $27,000, current liabilities of $4,400, and long-term debt of $12,900. What is the value of the shareholders equity account for this...

Answered: 1 week ago

Question

★★★★★

On November 1, Jasper Company loaned another company $140,000 at a 12.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's...

Answered: 1 week ago

Question

★★★★★

Which of the following costs should be considered when managers are making short term profitability analysis decisions? Marketing costs Design costs Research and development costs None of the above

Answered: 1 week ago

Question

★★★★★

Select two or three of their attributes that Elon Muskshould either immolate or avoid in professional life. Define, cite, and apply these traits. Provide examples from your research, cite your...

Answered: 1 week ago

Question

★★★★★

Consider a project in which you are currently involved (or in which you have recently been involved). Describe the two different types of contracts that is available for you to use, and which one...

Answered: 1 week ago

Question

★★★★★

you should draft a description of the project ((project name Marketing for the Clubs Hubspot))and an initial write up of your stakeholders - identify the stakeholders. For each stakeholder and/or...

Answered: 1 week ago

Question

★★★★★

Thinking of a manufacturing company, how might probability be a part of their quality control? Which companies might consider more outcomes as "unusual" based on the sensitivity of what they produce?...

Answered: 1 week ago

Question

★★★★★

Indicate if the following statements are true (T) or false (F): 1. Question 1 The efficient frontier will always contain the cheapest company in the industry. 2 points True False 2. Question 2 There...

Answered: 1 week ago

Previous Question Next Question