Question: Assuming that money is worth 10%, compute the present value of a. ($7,000) received 15 years from today. Bing b. The right to inherit ($1,000,000)
Assuming that money is worth 10%, compute the present value ofÂ
a. \($7,000\) received 15 years from today. Bing
b. The right to inherit \($1,000,000\) 14 years from now.
c. The right to receive \($1,000\) at the end of each of the next six years.
d. The obligation to pay \($3,000\) at the end of each of the next 10 years.
e. The right to receive \($5,000\) at the end of the 7th, 8th, 9th, and 10th years from today
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