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Your grandmother is gifting you $150 a month for four years while you attend college to earn your bachelor's degree. At a 4.8 percent annual

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Your grandmother is gifting you $150 a month for four years while you attend college to earn your bachelor's degree. At a 4.8 percent annual discount rate, what are these payments worth to you on the day you enter college? A) $6,539.14 B) $5,589.19 C) $6,870.23 D) $6,608.87 E) $6,201.16

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