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stranahan stranahan
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7 years ago
By choosing to attend college today, you have agreed to pay $17,000 per year in tuition and fees for the next five years. (What… you really thought that you would graduate in four years?) In addition to the tuition and fees, you have also given up the ability to work full time and earn $23,000 per year for the next five years. If your required rate of return is 5% (the U.S. long-run average rate of inflation plus an average real rate of return), what is the total cost in today's dollars of your college degree, assuming that all of the aforementioned cash flows are ordinary annuities?
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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SpoiledBeefSpoiledBeef
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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#3
4 years ago
thank you
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