Your Parents Are Giving You $100 a Month for Four

question 95

Multiple Choice

Your parents are giving you $100 a month for four years while you are in college. At a 6% discount rate,what are these payments worth to you when you first start college?

• A) $3,797.40
• B) $4,167.09
• C) $4,198.79
• D) $4,258.03
• E) $4,279.32

---

Definitions:

Grapevine

An informal channel of communication, separate from management's formal, official communication channels.