Your grandmother has promised to give you $100 every three months for four years,with the first payment occurring three months from today.How much is this gift worth to you today at a discount rate of 3.8 percent,compounded quarterly?
A) $1,129.07
B) $1,633.25
C) $1,660.80
D) $1,477.84
E) $1,479.32 
Correct Answer:
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