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1 1 . You recently learned that your late grandmother has left you an inheritance. Your inheritance will allow you to receive the amount of

11. You recently learned that your late grandmother has left you an inheritance. Your inheritance will allow you to receive the amount of $2000 at the end of each year for a total of 14 consecutive years. However, because of your young age, these amounts will not begin until the end of 5 years. If the interest rate is 3%, what is the equivalent present value of the inheritance?
$26308.67
$20072.83
$22592.15
$20675.01
$19488.18

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