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How much would mr smith be willing to pay to buy package

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Heart College charges students a different fee for each year of their education. The tuition for the first year is $2,200. Tuitions for the second, third, and fourth years are $2,420, $2,662, and $2,928.2, respectively. Each tuition payment is due at the end of the year for which it is paid. How much would Mr. Smith be willing to pay today to buy the full four-year package if the interest rate is 10%?

Reference no: EM13892359

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