Business, 25.11.2020 14:00 ben2005

Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on September 1st of each year. His uncle wants to make an investment on 9/1/10 that will provide sufficient funds for four years of tuition. Assuming he can earn 5% annually, how much must invest on 9/1/10.? a. $27,282
b. $37,976
c. $104,167
d. $200,000
e. $153,156

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Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to...

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