Your son is about to start kindergarten in a private school. currently, the tuition is $12,000 per year, payable at the start of the school year. you expect annual tuition increases to average 6% per year over the next 13 years. assuming that your son remains in this private school through high school and that your current interest rate is 6%, then the present value of your son's private school education is closest to: $106,230 $137,900 $156,000 this problem cannot be solved.