Question
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 discount
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 discount rate, what are these payments worth to you on the day you enter college?
$6,201.16
$6,870.23
$6,539.14
$6,608.87
$5,589.19
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
