Marcel has just graduated from college and has found a job that will pay him $35,000 per year at the end of each year, but the job is only for 7 years. He is not worried about that because he plans to do an MBA after gaining 7 years experience anyway. What is the value today of his 7-year salary assuming that the interest rate is 3%?

A) $218,059.90

B) $245,000.00

C) $199,207.42

D) $239,804.59

Answer rating: 100% (QA)

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