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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 $1800 at the

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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 $1800 at the end of each year for a total of 13 consecutive years. However, because of your young age, these amounts will not begin until the end of 5 years. If the interest rate is 7%, what is the equivalent present value of the inheritance? $11476.82 $12280.20 $21624.30 $10726.00 $15043.77

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