Payments worth to you when you first start college

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Reference no: EM131604255

Your parents are giving you $130 a month for 5 years while you are in college. At a 6 percent discount rate, what are these payments worth to you when you first start college?

$6,724.32

$7,800.00

$6,583.32

$6,140.00

$6,915.32

Reference no: EM131604255

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