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11. My dad promises me a cash gift of $25,000 three years from today if I graduate from college in 3 years. What is the

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11. My dad promises me a cash gift of $25,000 three years from today if I graduate from college in 3 years. What is the value of this gift today if the time value of money is 3%? A. $11,591.15 B. $11,958.55 C. $22.200.11 D. $22,878.54 E. None of the above

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