You'll graduate from college in three years. Your grandmother has promised to give you $5,000 at...

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Youll graduate from college in three years. Your grandmother has promised to give you $5,000 at graduation. What happens to

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Answer 1

Answer #1

Solution: remains constant

Explanation: The present value will increase if you speed up your graduation and present value will decrease if you delay the graduation. In the multiple choice answers we are not given the increase option; thus I am selecting remains constant

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Answer 2

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