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Exam 2_ Chapter 6 FIN315 1. Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's

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Exam 2_ Chapter 6 FIN315 1. Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's degree. At an annual 6.5 percent discount rate, what are these payments worth to you on the day you enter college? A. $4,201.16 B. $4,216.75 C. $4,509.19 D. $4,608.87 E. $4,800.00

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