What are the payments worth to you on day you enter college
Problem
Your grandmother is gifting you $150 a month for four years while you attend college to earn your bachelor's degree. At a 4.8 percent discount rate, what are these payments worth to you on the day you enter college?
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Your grandmother is gifting you $150 a month for four years while you attend. What are these payments worth to you on the day you enter college?
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