Unformatted text preview: thereafter. a. Estimate the present value of the educational costs and the amount of each annual payment (assume 11 payments, starting today). b. The father decides to increase his annual contribution by 3% every year. Estimate the amount of the first annual payment if his total payments will just cover educational expenses....
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This note was uploaded on 12/05/2011 for the course ECON 134b taught by Professor Johnhartman during the Fall '11 term at UCSB.
- Fall '11