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Jessie will receive a scholarship of $10,000 at the end of each year for the next 3 years at an effective annual interest rate of
Jessie will receive a scholarship of $10,000 at the end of each year for the next 3 years at an effective annual interest rate of 10%? What is the present value of Jessies scholarship?
Select one:
a. $35,725.00
b. $27,355.37
c. $24,868.52
d. $33,100.00
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