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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/

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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

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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 university costs $8,000 _ 1 0663 X annuity due factor(6.60%, 4 years) : $17,430‘94_

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

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