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how did we get this number please show the calculation in calculator how ...

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Finance

how did we get this number please show the calculation in calculator how
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2. Your parents are giving you $235 a month for 4 years while you are in college. At an interest rate of 54 percent per month, what are these payments worth to you when you first start college? PV=$235[(11/1,0054412)/.0054]=$9,913.22

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