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Kristen's Grandmother Promises to Give Her $3,000 at the End

Question 32

Multiple Choice

Kristen's grandmother promises to give her $3,000 at the end of three years and $4,000 at the end of four years.How much is the money worth today if Kristen could earn 6% annual interest on the funds?


A) $5,545
B) $5,687
C) $16,237
D) $21,879

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