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You plan to go to school for 3 years, starting next year. You can pay $21,318 per year, starting next year or you can pay

You plan to go to school for 3 years, starting next year.

You can pay $21,318 per year, starting next year or

you can pay a single amount of $70,060 today.

If your investment account earns 1.00% 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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