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Kimberly Young just learned that she received an inheritance from her grandmother. The inheritance provides for Kimberly to receive $ 5800 per year at the

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Kimberly Young just learned that she received an inheritance from her grandmother. The inheritance provides for Kimberly to receive $ 5800 per year at the end of the year for each of the next 6 years. Assuming a discount rate of 13%, what is the value of this Inheritance to Kimberly today? Type of Cash Flow Periods Interest Rate Factor PV of $1 6 13% 0.4803 FV of $1 6 13% 20820 6 13% 3.9975 PV ordinary annuity FV ordinary annuity PV annuity due 6 13% 8.3227 6 1395 4.5172 $ 20400 $ 23186 $ 48272 $26200

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