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Vlada is planning on attending of University of Washington and is getting help from her grandparents with school. They agree to give her $14,994
Vlada is planning on attending of University of Washington and is getting help from her grandparents with school. They agree to give her $14,994 today, $11,993 in one year, and $15,586 in two years. The interest rate 4%. What is the present value of these payments? Round your final answer to the nearest two decimal places. Question 2 2.5 pts Isabella is looking to purchase an extremely fancy car without having to pay anything up front. On January 1st, Year 1, a dealer offers her a payment plan for a SportsCar Pro, which requests she pays $4,881 every six months, starting July 1st, Year 1, for the next 6 years. At the end of the six years, Isabella will make the final payment in the payment plan, along with a lump-sum payment of $140,837. Assuming an annual interest rate 10%, how much money would Isabella need today to satisfy this given liability? Round your final answer to the nearest two decimal places.
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