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Your grandmother has told you she can either give you $4.200 now or $5,500 when you graduate from college in three years. Your savings account

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Your grandmother has told you she can either give you $4.200 now or $5,500 when you graduate from college in three years. Your savings account earns 7% interest, compounded annually. Which option would be worth more to you now, and how much more? Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to 2 decimal places.) Multiple Choice The 54200 now is worth $300 00 more than the $5.500 in the future O O The 55,500 in the future is worth $300.00 more than the 54200 now. O The 54200 now is worth $289 65 more than the 55 500 in the future O The $5,500 in the future is worth $289.65 more than the $4200 now

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