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Your Parents Give You $120 Per Week for Living Expenses

Question 17

Multiple Choice

Your parents give you $120 per week for living expenses while you are doing a three-year degree in finance.If the interest rate is 6.5% per annum,what is this cash flow worth when you start your degree?


A) $15 125
B) $16 998
C) $26 026
D) $27 330

Correct Answer:

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