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Your grandmother has promised to give you $10000 when you graduate from college

Question

Your grandmother has promised to give you $10,000 when you graduate from college. If you speed up your graduation by one year and graduate two years from now rather than the expected three years, the present value of this gift will

a) remain constant.

b) increase.

c) decrease.

d) equal $10,000.

e) be greater than $10,000,

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