Suppose that you expect to receive a ($ 100,000) inheritance when you reach 21 in seven years

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Suppose that you expect to receive a $\$ 100,000$ inheritance when you reach 21 in seven years and four months. What is the present value of your inheritance if the current interest rate is $1.4 \%$ compounded monthly?

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Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

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Question Posted: Jan 28, 2024 01:03 AM

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Suppose that you expect to receive a ($ 100,000) inheritance when you reach 21 in seven years

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Nature Of Mathematics

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