Marcel has just graduated from college and has found a job that will pay him $25,000 per year at the end of each year, but the job is only for 7 years. He is not worried about that because he plans to do an MBA after gaining 7 years experience anyway. What is the value today of his 7-year salary assuming that the interest rate is 4%?

$175,000.00

$150,051.37

$132,985.62

$173,659.26