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Jane will receive a scholarship of $7,500 at the end of each year for the next 4 years at an effective annual interest rate of

Jane will receive a scholarship of $7,500 at the end of each year for the next 4 years at an effective annual interest rate of 10%? What is the present value of Janes scholarship? Select one: a. $21,789.22 b. $23,773.99 c. $25,698.56 d. $31,989.33

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