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Question 20 3 pts On your 15th birthday this year, your grandma promises to give you $5000 every year on your birthday starting next year
Question 20 3 pts On your 15th birthday this year, your grandma promises to give you $5000 every year on your birthday starting next year until your 18th Your grandpa did not want to look bad so he offered: I will give you $12,000 on your 17th birthday when I sell my real estate. Assuming annual interest rate of 10%. In terms of today's dollar, grandma and grandpa, respectively, give you: $12,434.26, $ 10,909.09 $12,434.26, $9,917.35 $12,534.26, $9,917.35 None of the above
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