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Karen White just learned that she received an inheritance from her grandmother. The inheritance provides for Karen to receive $5200 per year at the end

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Karen White just learned that she received an inheritance from her grandmother. The inheritance provides for Karen to receive $5200 per year at the end of the year for each of the next 4 years. Assuming a discount rate of 11%, what is the value of this inheritance to Karen today? $16132 $24490 $12707 $17907

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