You have been accepted into college for the upcoming year.

The expected tuition expense due at the end of each of next four years is $$10,000\mathrm{.}00$

The discount rate is based upon the annual AAA class Bond's YTM of

$8\mathrm{.}00\%$ per year.

What is the present value of the obligation?

Round your answers to two decimal places $($i$.$e$,1\mathrm{.}25)$

The suggested Duration Model:

Time Until Cash. PV of CF Weight Duration

Payment. Flow@YTM

Years

Integer, decimal, or E notation allowed