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Colin has an inheritance that promises to pay him 7 year-end amounts of $5,000 starting exactly 2 years and 3 months from today. If he

Colin has an inheritance that promises to pay him 7 year-end amounts of $5,000 starting exactly 2 years and 3 months from today. If he earns 4.4% p.a., how much is the inheritance worth in present-day dollars?

Select one:

a. $28,022.03

b. $25,558.17

c. $26,841.03

d. $27,151.62

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