Here is the deal: You can pay your college tuition at the beginning of the academic year

Chapter 18, Problem 6

(choose chapter or problem)

Here is the deal: You can pay your college tuition at the beginning of the academic year or the same amount at the end of the academic year. You either already have the money in an interestbearing account or will have to borrow it. Deal, or no deal? Explain your financial reasoning. Relate your answer to the time-value of money, present value, and future value. LO18.4

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