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Need help Maria Miller just learned that she received an inheritance from her grandmother. The inheritance provides for Maria to receive 5 4600 per year
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Maria Miller just learned that she received an inheritance from her grandmother. The inheritance provides for Maria to receive 5 4600 per year at the end of the year for each of the next 4 years. Assuming a discount rate of 9%, what is the value of this inheritance to Maria today? Type of Cash Flow PV of $1 Periods Interest Rate Factor 4 996 0.7084 FV of $1 4 9% 1.4116 9% 3.2397 PV ordinary annuity FV ordinary annuity PV annuity due 996 4.5731 996 3.5313 $ 14903 O $11644 $ 21036 $ 16244 Step by Step Solution
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