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How much is the money worth today

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Question - 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

Reference no: EM132060843

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