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At the reading of the will you learn that your inheritance will allow you to receive the amount of $530 at the end of each
At the reading of the will you learn that your inheritance will allow you to receive the amount of $530 at the end of each month for 15 consecutive years. However because of your young age these amounts will not begin until the end of 4 years. If the interest rate is 6.00%, what is the equivalent present value of the inheritance?
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