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What are payments worth on the day enter college

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Reference no: EM132869179

Question 1: Your father promise to give you RM150 at the end of each month for four years while you attend college. At a discount rate of 3 percent, what are these payments worth to you on the day you enter college?

Select one:

A. RM6,539.14
B. RM6,201.16
C. RM6,776.80
D. RM6,793.74

Reference no: EM132869179

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