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At the reading of the will, you learn that your inheritance will allow you to receive the amount of $510 at the end of each
At the reading of the will, you learn that your inheritance will allow you to receive the amount of $510 at the end of each year for a total of 18 consecutive years. However, because of your young age, these amounts will not begin until the end of 4 years. If the interest rate is 3%, what is the equivalent present value of the inheritance? Place your answer to the nearest dollar amount. DO NOT USE A DOLLAR SIGN OR A COMMA IN YOUR ANSWER. Work your analysis using at least four decimal places of accuracy. SUBMIT
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