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In: Accounting

Your parents are giving you $150 a month for 5 years while you are in college....

Your parents are giving you $150 a month for 5 years while you are in college. At a 6 percent discount rate, what are these payments worth to you when you first start college?

I am doing every step right in my financial calculator, getting 8,886.60. I don't understand why.

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Expert Solution

ekkarill92 answered 1 year ago
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