Question
Your parents are giving you $140 a month for 6 years while you are in college. At a 7 percent discount rate, what are these
Your parents are giving you $140 a month for 6 years while you are in college. At a 7 percent discount rate, what are these payments worth to you when you first start college?
A. $10,080.00
B. $8,211.62
C. $8,302.00
D. $8,058.62
E. $8,424.62
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Secured Finance Transactions
Authors: Dominic RM Griffiths
2nd Edition
1787425142, 978-1787425149
