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b) What is the present value of university costs? PV of university costs = \$ Marking: Your answer was: The correct answer was: \$17,480.94 PV...

This question was created from Lab 3 finance edited https://www.coursehero.com/file/13565966/Lab-3-finance-edited/

This document explains how to get the "correct" answer. But even with the formula written out, when I practice it, I am unable to get the same answer. What is the formula for the annuity due part? Thank you for your time

b) What is the present value of university costs?
PV of university costs = \$ Marking:
The correct answer was: \$17,480.94 PV university costs \$8,000 _ 1 0663 X annuity due factor(6.60%, 4 years) : \$17,430‘94_

Annuity Due: It is a kind of annuity where... View the full answer

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