You recently learned that your late grandmother has left you an inheritance. Your inheritance will allow you to receive the amount of $1200 at the end of each year for a total of 17 consecutive years. However, because of your young age, these amounts will not begin until the end of 7 years. If the interest rate is 3%, what is the equivalent present value of the inheritance? \$12846.31 $13231.70 $15799.34 $13628.65 $19554.06