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MC algo 6-9 Calculating Annuity Present Values Your parents are giving you $160 a month for 4 years while you are in college. At an

MC algo 6-9 Calculating Annuity Present Values

Your parents are giving you $160 a month for 4 years while you are in college. At an interest rate of .39 percent per month, what are these payments worth to you when you first start college?

Multiple Choice

  • $6,858.86

  • $8,427.88

  • $6,758.54

  • $6,642.02

  • $6,991.60

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