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You recently learned that your late grandmother has left you an inheritance. Your inheritance will allow you to receive the amount of $ 2000 at
You recently learned that your late grandmother has left you an inheritance. Your inheritance will allow you to receive the amount of $2000 at the end of each year for a total of 19 consecutive years. However, because of your young age, these amounts will not begin until the end of 7 years. If the interest rate is 6%, what is the equivalent present value of the inheritance?
$15732.06 | ||
$16675.99 | ||
$34413.27 | ||
$14841.57 | ||
$22316.23 |
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