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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 $1700 at the
You recently learned that your late grandmother has left you an inheritance. Your inheritance will allow you to receive the amount of $1700 at the end of each year for a total of 18 consecutive years. However, because of your young age, these amounts will not begin until the end of 6 years. If the interest rate is 4%, what is the equivalent present value of the inheritance? $17008.20 $27493.57 $18396.07 $21520.80 $17688.53 SUBMIT
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