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Duration Ted and Alice Hansel have a son who will begin college 10 years from...

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Finance

Duration Ted and Alice Hansel have a son who will begin college 10 years from today. School expenses of $30,000 will need to be paid at the beginning of each of the four years that their son plans to attend college. What is the duration of this liability to the couple if they can borrow and lend at the market interest rate of 7.6 percent?

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**can you please show work and formula

Annual College Number of Years Total College in College Rate Expenses Expenses $120,000.00 9% 30,000.00 4. PV Relative Weighted Present Value Year Payment to NPV Maturity 10 $ 11 $ Ted and Alice will borrow and 30,000.00 #VALUE! #VALUE! payout as shown in the following 30,000.00 #VALUE! #VALUE! 12 $ 13 $ #VALUE! #VALUE! 30,000.00 #VALUE! 30,000.00 #VALUE ! #VALUE! Years in duration of liability INPUT DATA HERE

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