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(10. Your parents are giving you $500 a month for five years while you attend college to earn both a bachelor's and a master's degree.

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(10. Your parents are giving you $500 a month for five years while you attend college to earn both a bachelor's and a master's degree. At a 7 percent discount rate, what are these payments worth to you when you first enter college? a. $22,681.13 b. $24,601.18 c. $25,251.00 d. $27,209.17 e. $30,000.00

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