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 12 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? O $11944.80 O $10003.59 O $14783.49 O $10303.69 O $9712.22 SUBMIT