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You will pay a tuition cost of $50,000/year for 4 years and the first payment is due year- end. If the account pays 6% compounded
You will pay a tuition cost of $50,000/year for 4 years and the first payment is due year- end. If the account pays 6% compounded annually, what is the deposit today?
A. 158,419
B. 173,255
C. 200,000
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