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Onlmssmidnighs Onlmssmidnighs
  • 22-02-2017
  • Mathematics
Answered

Your grandmother has promised to give you $10,000 when you graduate from college. she is expecting you to graduate three years from now. what happens to the present value of this gift if you speed up your graduation by one year and graduate two years from now?

Verified Answer :

Anonymous Anonymous
  • 22-02-2017

You might only get 2/3 of the amount she was going to give you.

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