Question
At the reading of the will, you learn that your inheritance will allow you to receive the amount of $ 430 at the end of
At the reading of the will, you learn that your inheritance will allow you to receive the amount of $430 at the end of each year for a total of 19 consecutive years. However, because of your young age, these amounts will not begin until the end of 3 years. If the interest rate is 9.00%, what is the equivalent present value of the inheritance?
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
