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

You figure that the total cost of college will be $100000 per year 18 years from today. If your
discount rate is 8% compounded annually, what is the present value today of 4 years of college
costs starting 18 years from today?
The present value today of 4 years of college costs starting 18 years from today is $.(Round to
the nearest cent.)
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