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Your grandmother left you an inheritance that pays $ 440 at the end of each year for a total of 17 consecutive years. However, because
Your grandmother left you an inheritance that pays $440 at the end of each year for a total of 17 consecutive years. However, because of your young age, the payments will not begin until the end of 7 years. If the interest rate is 6.00%, what is the equivalent value of your inheritance today?
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