Question
your grandfather left an inheritance for you of $80,000. however you can only drawdown on the investment as follows: years 1- 4 $10,000 each year
your grandfather left an inheritance for you of $80,000. 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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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
