Your university is running a special offer on tuition.This year's tuition cost is $16,000.Next year's tuition cost is scheduled to be $16,640.The university offers to discount next year's tuition at a rate of 4% 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)$33118
B)$32,981
C)$32,080
D)$32,000

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The Answer of Your university is running a special offer on tuition.This year's tuition cost is $16,000.Next year's tuition cost is scheduled to be $16,640.The university offers to discount next year's tuition at a rate of 4% 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)$33118
B)$32,981
C)$32,080
D)$32,000

Your University Is Running a Special Offer on Tuition