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Your grandfather left an inheritance for you of $100,000. However you can only drawdown on the investment a follows: Years 1 3 $15,000 each year

Your grandfather left an inheritance for you of $100,000. However you can only drawdown on the investment a follows: Years 1 3 $15,000 each year

What is the present worth of the inheritance

Due to the high liquidity interest rates have dropped to 4%. What will be the impact on the present worth of this inheritance as a consequence of the market change?

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