Future Payments Worth Assignment | Homework For You

Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor’s degree. At a 6% annual discount rate, what are these payments worth to you on the day you enter college?

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A. $4374.16

B. $5409.78

C. $5109.19

D. $4608.67

E. $5800.00. Get Finance homework help today