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You expect to inherit $400,000 in 25 years and have access to an account that will earn 6% per year for the next 12 years

You expect to inherit $400,000 in 25 years and have access to an account that will earn 6% per

year for the next 12 years and 8% per year after that. The account compounds semiannually.

What is the value of your inheritance today?

What is the value of your inheritance in 5 years?

What is the value of your inheritance in 14 years?

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