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Question: you plan on going to law school for 3 years...

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You plan on going to law school for 3 years starting in 2 years.
The cost of tuition for the first year will be $40,000
The cost of tuition for the second year will be $41,600
The cost of tuition for the third year will be $43,264

How much would you have to invest today in an account that earns 4.00% APR compounded annually) to exactly pay for your tuition?

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