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Laura Hall just learned that she received an inheritance from her grandmother. The inheritance provides for Laura to receive $5600 per year at the

Laura Hall just learned that she received an inheritance from her grandmother. The inheritance provides for Laura to receive $5600 per year at the end of the year for each of the next 4 years. Assuming a discount rate of 13%, what is the value of this inheritance to Laura today? Type of Cash Flow PV of $1 FV of $1 PV ordinary annuity FV ordinary annuity PV annuity due Periods Interest Rate 13% 13% 13% 13% 13% Factor 0.6133 1.6305 2.9745 4.8498 3.3612

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