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You figure that the total cost of university will be $ 1 3 0 , 0 0 0 per year 1 8 years from today.

You figure that the total cost of university will be $130,000 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 $(Round to the nearest dollar.)

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