Duration Ted and Alice Hansel have a son who will begin college 10 years from...
60.1K
Verified Solution
Link Copied!
Question
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?
**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
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
