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2-Carol just entered college. Her grandparents have promised to give her $25,000 toward a new car if she graduates in 4 years. Alternatively, if she

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2-Carol just entered college. Her grandparents have promised to give her $25,000 toward a new car if she graduates in 4 years. Alternatively, if she takes 5 years to graduate, they offered her $5000 each year starting after her second year is complete and an extra $5000 when she graduates. Draw the cash flow diagrams first. Then, use per year to show Carol how determine the following for each gift her grandparents offered: (use i=6% ) 1-Present worth P now 2-Future worth F five years from now 3-Equivalent annual amount A over a total of 5 years

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