You plan to attend college next year.
January 11th, 2018
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.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?