Quinns grandmother offers to pay for her college tuition for her maste

QUESTION

Quinns grandmother offers to pay for her college tuition for her masters degree, which Quinn will start in 2 years. The expected tuition cost for the program is $20,000, which is the amount Grandma has agreed to give her. However, Quinn does not need the money for tuition because she has won a s¦
She would ask for 18,140.59 The calcalations are below: 20,000 dollars in 2 years is equivalent to: 20,000(1/1.05)^2 today 20,000 X (1/1.05)^2 = 20,000 X .9070285 = 18,140.59 Please rate mine¦

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