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What is the NPV of their college educations

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Question - Jim has 4 children, ages 5, 7, 9, and 13. He would like to pay for their education at a private college, four years for each child beginning at age 18. The annual cost of education is currently $46,000 and has been increasing at 6% and is expected to continue. If his savings for their education expenses will earn 9%, what is the NPV of their college educations?

Reference no: EM132937778

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