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Your grandfather left an inheritance for you of $80000. However you can only drawdown on the investment as follows: Years 1-4 $10,000 each year and

Your grandfather left an inheritance for you of $80000. However you can only drawdown on the investment as follows:

Years 1-4 $10,000 each year and

year 5 $40,000

Interest on the fund is 5%. What is the present worth of this inheritance?

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