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You plan to go to school for 2 years, starting next year. You can pay $25,493 per year, starting next year or you can pay
You plan to go to school for 2 years, starting next year. You can pay $25,493 per year, starting next year or you can pay a single amount of $70,472 today. If your investment account earns 1.5% compounded annually, how much would you save or lose in PV terms by paying all the tuition today? If there is a loss from paying the tuition today, your answer should be negative.
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