Your parents are giving you $500 a month for five years while you attend college to earn both a bachelor's and a master's degree. At a 7% discount rate, what are these payments worth to you
When you first enter college?
A) $22,681.13
B) $24,601.18
C) $25,251.00
D) $27,209.17
E) $30,000.00.
Correct Answer:
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