Question
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,
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?
Multiple Choice
$6,449.70
$6,562.86
$8,144.82
$6,789.16
$6,659.96
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
