Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college?
A) $4,201.16
B) $4,299.88
C) $4,509.19
D) $4,608.87
E) $4,800.00
Correct Answer:
Verified
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