You plan on going to law school for 3 years starting in 6 years. The...
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Accounting
You plan on going to law school for 3 years starting in 6 years.
The cost of tuition for the first year will be $45,000
The cost of tuition for the second year will be $46,800
The cost of tuition for the third year will be $48,672
How much would you have to invest today in an account that earns 4.00% APR (compounded annually) to exactly pay for your tuition?
Group of answer choices
$110,960
$103,585
$109,893
$106,692
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