An elite law school will charge you 38 900 00 for your first year of tuition This is due at the beginning of the year You

Question

An elite law school will charge you 38 900 00 for your first year of tuition This is due at the beginning of the year You anticipate tuition to increase by 3 99 each year going forward You will spend three years in the law program You are unsure what discount rate to use to value the opportunity You have a conservative discount rate 5 16 and an aggressive rate of return 8 25 Using the aggressive rate of return what is the value today of your law school tuition Answer Format Currency Round to 2 decimal places

Kunduz · Accepted Answer

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