Your university is running a special offer on tuition. This years tuition cost is $18, 000. Next years tuition cost is scheduled to be $19, 080. The university offers to discount next years tuition at a rate of 6% if you agree to pay both years tuition in full today. How much is the total tuition bill today if you take the offer?

FINANCIAL MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Your university is running a special offer on tuition. This year’s tuition cost is $18, 000. Next year’s tuition cost is scheduled to be $19, 080. The university offers to discount next year’s tuition at a rate of 6% if you agree to pay both years’ tuition in full today. How much is the total tuition bill today if you take the offer?

A	$36, 000
B	$36, 981
C	$36, 080
D	$28, 000

Explanation:

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BUSINESS ADMINISTRATION

FINANCIAL MANAGEMENT