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Hi need help on this question! thanks for your time(will give review)! Your recently departed rich, eccentric uncle has left for you in his will

Hi need help on this question! thanks for your time(will give review)! image text in transcribed
Your recently departed rich, eccentric uncle has left for you in his will a large sum of money. Unfortunately, rather than give you this sum of money immediately, he has instructed the executor of the will to pay you $9456 in year one. Thereafter, this payment is to grow by 7% each year and to be made each year forever. If the appropriate discount rate is 12%, how much have you actually inherited? Select one: a. $189120.00 b. Insufficient information for solving this question c. $78800.00 d. 66192.00 e. $135085.71

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