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Your brother will begin his education this year. The university tuition is TL22180 per year and paid at the beginning of each of the following

Your brother will begin his education this year. The university tuition is TL22180 per year and paid at the beginning of each of the following 4 years. If you can earn 17.1 percent interest per year on your funds, how much will you need to invest today in order to pay his university education?

A) 82640.75 B) 71109.3 C) 80427.49 D) 78376.03 E) 84075.65

ANSWER: B

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