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What is the total present value of mary beth residence fees

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Reference no: EM132492655

Point 1: Mary beth is planning to live in a university resident for 3 years while completing her degree. The annual cost for food and lodging is $6500 and must be paid at the start of each school year.

Question 1: What is the total present value of mary beth residence fees if the discount rate (interest rate) is 6% per year?

Reference no: EM132492655

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