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Please post all the work, so I can understand the process :) -Nick got a $125 a month for four years while attending college to
Please post all the work, so I can understand the process :)
-Nick got a $125 a month for four years while attending college to earn his undergraduate degree. At a 6.5 percent discount rate, what were these payments worth to him on the day he started college.
A. | $5,201.16 |
B. | $5,270.94 |
C. | $5,509.19 |
D. | $5,608.87 |
E. | $5,800.00 |
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