Question: Please post all the work, so I can understand the process :) -Nick got a $125 a month for four years while attending college to

Please post all the work, so I can understand the process :)

-Nick got a $125 a month for four years while attending college to earn his undergraduate degree. At a 6.5 percent discount rate, what were these payments worth to him on the day he started college.

$5,201.16

$5,270.94

$5,509.19

$5,608.87

$5,800.00

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