What is the present value today of four years of college, Financial Management

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What is the present value today of four years of college

You figure that the total cost of college will be $94,000 per year 18 years from today. If your discount rate is 11% 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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