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Chester Sandviks grandmother will cut a check worth $10,300.00 every four months for 14 years. How much is this cash flow worth to them today?

Chester Sandviks grandmother will cut a check worth $10,300.00 every four months for 14 years. How much is this cash flow worth to them today? Assume a discount rate of 1.00%.

a. $403,057.56

b. $153,958.44

c. $133,938.14

d. $463,518.63

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