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You have one LAST attempt left of this question for credit. Consider an inheritance that pays the beneficiary an annuity of $850 that begins immediately
You have one LAST attempt left of this question for credit. Consider an inheritance that pays the beneficiary an annuity of $850 that begins immediately (an annuity due) and then annually in year 1 through year 20 (for a total of 21 years) with one exception - the payment in year 15, and only 15, is not $850 but $0. Using an interest rate of 5%, determine the present value of this cash flow stream. INSTRUCTIONS: Place your answer in dollars and cents without using a dollar sign or a comma. For example, if your answer is one hundred thousand five hundred and seventy then place your answer as 100570 . Work all analysis using at least four decimal places of accuracy
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