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Your parents are giving you $ 1 5 5 a month for 4 years while you are in college. At an interest rate of .

Your parents are giving you $ $155$ a month for $4$ years while you are in college. At an interest rate of $. 38$ percent per month, what are these payments worth to you when you first start college?

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Question

Your parents are giving you $ 1 5 5 a month for 4 years while you are in college. At an interest rate of .

Your parents are giving you $155 a month for 4 years while you are in college. At an interest rate of .38 percent per month, what are these payments worth to you when you first start college?

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Step: 1

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Your parents are giving you $ $155$ a month for $4$ years while you are in college. At an interest rate of $. 38$ percent per month, what are these payments worth to you when you first start college?