Question
Your parents are giving you $205 a month for 4 years while you are in college. At an interest rate of .48 percent per month,
Your parents are giving you $205 a month for 4 years while you are in college. At an interest rate of .48 percent per month, what are these payments worth to you when you first start college?
Multiple Choice
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$11,036.25
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$8,607.09
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$8,331.50
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$8,477.66
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$8,770.00
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
