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An elite law school will charge you 38 900 00 for your first year of...

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An elite law school will charge you 38 900 00 for your first year of tuition This is due at the beginning of the year You anticipate tuition to increase by 3 99 each year going forward You will spend three years in the law program You are unsure what discount rate to use to value the opportunity You have a conservative discount rate 5 16 and an aggressive rate of return 8 25 Using the aggressive rate of return what is the value today of your law school tuition Answer Format Currency Round to 2 decimal places

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