The present value today of four years of college costs, Financial Management

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The present value today of four years of college costs

You figure that the total cost of college will be $98,000 per year 18 years from today. If your discount rate is 4% compounded? annually, what is the present value today of four years of college costs starting 18 years from? today?

The present value today of four years of college costs starting 18 years from today is ?$____ ?(Round to the nearest? dollar.)

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