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Your young child already wants to attend the University of Cincinnati. They are already planning to start in 19 years (which is when their

Your young child already wants to attend the University of Cincinnati. They are already planning to start in 19 years (which is when their first payment is due). Their tuition will be $27,000 per year for 5 years. What is the present value of their tuition if the relevant discount rate is 11.99%? O $12,680.12 $97,353.07 $9,539.91 $11,322.54 $10,683.75

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