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Your parents have built quite a nest egg through their hard work. They promise to give you $500,000 upon their death. Based on their

Your parents have built quite a nest egg through their hard work. They promise to give you $500,000 upon 

Your parents have built quite a nest egg through their hard work. They promise to give you $500,000 upon their death. Based on their age and the actuarial tables, you expect them to live another 30 years. When calculating your personal worth today, you want to estimate the present value (PV) of this future cash payment to you and your family. Use the average rate of return of the S&P 500, 7% to discount the future payment. 5 Points $125,000 $65,684 $250,000 $65,864

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