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What is the present value cost of tuition

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Question - You have been accepted into a prestigious private university for your doctoral program. Congratulations! Since no one from this school has ever graduated in only 4 years, you anticipate that you will need to make 10 semi-annual tuition payments of $15,000 each with the first cash flow 6 months from today. If you choose to discount these cash flows at an annual rate of 7%, what is the present value cost of tuition to attend your university of choice?

Reference no: EM132453904

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