Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you figure that the total cost of college will be

You figure that the total cost of college will be $107.000 per year 18 years...

50.1K

Verified Solution

Question

Accounting

image
You figure that the total cost of college will be $107.000 per year 18 years from today. If your discount rate is 9% compounded annually, what is the present value today of four years of college costs starting 18 years from today? The present value today of four years of college costs starting 18 years from today is $ (Round to the nearest dollar.)

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!
Become a Member

Other questions asked by students

Q

For each reaction write a balanced chemical equation and then below the chemical formula of each...

Chemistry
Q

An engine is coupled to a rotating drum by a friction clutch which has a single...

Mechanical Engineering
Q

What is a disadvantage of a correspondent bank relationship?

Finance
Q

During a figure skating competition an ice skater is rotating at 2 0 rad s...

Physics
Q

a 6 31 A particle would take a time t to move down a straight...

Physics
Q

15 Two charges of 25 x 10 coulomb and 25 x 10 coulomb are placed...

Physics
Q

If the original exponential function defined by how would it change if W D 2...

Algebra
Q

Which is the graph of the equation y 0 0 0 0 a Ob C...

Algebra
Q

ABC Pty Ltd is registered with the ATO for the Fringe Benefits Tax. During the...

Accounting
Q

Imprudential, Inc., has an unfunded pension liability of $755 million that must be paid in...

Accounting
Q

a parent owns 75% of a subsidiary's voting stock. on the consolidated balance sheet at...

Accounting
Q

On January 1, 2025, a corporation acquired a truck for $150,000. Residual value was estimated...

Accounting