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Posted on Jul 27, 2024

4 . Your parents plan to give you $ 2 0 0 per month for 4 years after you start college. The discount rate is

4 .

Your parents plan to give you $

200

per month for

4

years after you start college. The discount rate is

6 %,

compounded monthly. What is the value of these cash flows when you start college.

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