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Imagine that your parents will give you a gift of $ 5 , 0 0 0 when you finish college next year. If the prevailing

Imagine that your parents will give you a gift of $5,000 when you finish college next year. If the prevailing interest rate is 3%, then the value of their gift today would be:
a) $0
b) $150
c) $4,854
d) $5,150
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