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You stand to inherit 109700$ from a third great aunt twice removed on your uncle's side. You estimate that the estate will settle in 200
You stand to inherit 109700$ from a third great aunt twice removed on your uncle's side. You estimate that the estate will settle in 200 days, whereupon you'll receive your inheritance. Unfortunately, the economy is currently experiencing a period of intense inflation and so you feel the appropriate discount rate is 10.5% per annum (p.a.) continuous. What do you believe the present value of your inheritance to be?
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