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What is the total amount of money

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Question 1: Your rich uncle decides that an MBA from Holy Family University is not a worthwhile investment. He commits to paying the tuition for you to go to law school. The law school at Widener University is willing to allow you to pay the full amount at the end of the four year term. The cost is $8,000 per year and Widener will charge 8% interest. What is the total amount of money that you need to make sure your uncle has set aside to pay the tuition?

Reference no: EM132533210

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