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Your parents are giving you $500 a month for 5 years while you attend college to earn both a bachelor's and a master's degree.

Your parents are giving you $500 a month for 5 years while you attend college to earn both a bachelor's and a master's degree.  At a 7% discount rate, what are these payments worth to you when you first enter college?
a) $22,681.13
b) $24,601.18
c) $25,251.00
d) $27,209.17
e) $30,000.00

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