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You figure that the total cost of university will be $110,000 per year 18 years from today. If your discount rate is 5% compounded annually,

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You figure that the total cost of university will be $110,000 per year 18 years from today. If your discount rate is 5% compounded annually, what is the present value today of four years of university costs starting 18 years from today? The present value of the university costs is $0. (Round to the nearest dollar.)

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