What is the present worth of his degree

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Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these costs to rise about $1500 each year while he is in college. If he earns an extra$15,000 annually for 40 years, what is the present worth of his degree?

Reference no: EM131097481

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