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Andy promises to pay Opie $6,000 when Opie graduates from Mayberry University in 15 years. How much must Andy deposit today to make good on

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Andy promises to pay Opie $6,000 when Opie graduates from Mayberry University in 15 years. How much must Andy deposit today to make good on his promise, if he can earn 6% on his investments? How much must Andy deposit today to make good on his promise? (Round to the nearest cent.) You will receive a $90,000 inheritance in 6 years. You could invest that money today at 11% compounded semi-annually. What is the present value of your inheritance? What is the present value of your inheritance? (Round to the nearest cent.)

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