Question
You figure that the total cost of college will be $98,000 per year 18 years from today. If your discount rate is 4 % compounded
You figure that the total cost of college will be $98,000 per year 18 years from today. If your discount rate is 4 % 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 to Expert-Tailored 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
Behavioral Finance And Asset Prices
Authors: David Bourghelle, Pascal Grandin, Fredj Jawadi, Philippe Rozin
1st Edition
3031244850, 978-3031244858
