You plan to attend college next year.
Subject: Business   / Finance
Question
You plan to attend college next year. You anticipate the first year to cost $35,000 (due one year from now), subsequent annual tuition rates will be the same (no inflation) and that you will pay for college using only loans.
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a. Assuming that your borrowing cost is 8% (APR), what is the future value of the cost of al lfour years at the time of your final payment?
