Assignment:
An investment of $14611 will bring cash flows of $2860, $8103, and $9543 at the end of the first three years.
If interest rates are 0.06, what is the net present value of the investment?
The college where your child is going to attend charges tuition of $15,000, $20,000, $25,000, and $30,000 due at the beginning of the year. If interest rates are 0.06, what is the present value of tuition?