IS.87 Brief Exercise 6-2 Table 6-2 PV of $1 Present Value of a Single Sum forgan wants to buy a cabin for her retirement. Morgan recently came into an inheritance of $470,000. She estimates that the cabin she wants will cost $480,000, when she retires in 7 years. If she is able to invest her inheritance to earn an annual rate of 12% (compounded annually), will she have enough to buy her cabin? 12 SUNDAY