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Your friend is starting college this fall and has asked for your advice. Her grandmother has offered to give her either $5,500 at the end

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Your friend is starting college this fall and has asked for your advice. Her grandmother has offered to give her either $5,500 at the end of each of the next four years to help pay tuition (option 1), or 829,000 when she graduates four years from now so she can buy her first car (option 2). If she can earn 7% interest at the bank, you should tell her that option 2 is more valuable than option 1 by Tries 0/3

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