Your parents plan to give you $200 a month for four years while you are in college.

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Your parents plan to give you $200 a month for four years while you are in college. At a discount rate of 6 percent, compounded monthly, what are these payments worth to you when you first start college?

$8,797.40

$8,409.56

$8,198.79

$8,516.06

$8,279.32

Related Book For answer-question

Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Posted Date: Nov 30, 2018 09:32 AM

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Your parents plan to give you $200 a month for four years while you are in college.

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Payments worth P111rnr Here 1 Interest rate per an... View the full answer

Financial Management Principles and Applications

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