Your parents are giving you $250 a month for 5 years while you are in college. At a 5 percent discount rate, what are these payments worth to you when you first start college? $15,000.00 $11,775.00 $12,987.68 $13,247.68 $13,558.68

Your parents are giving you $250 a month for 5 years while you are in college. At a 5 percent discount rate, what are these payments worth to you when you first start college? $15,000.00 $11,775.00 $12,987.68 $13,247.68 $13,558.68