10 years from now (future), you will be inheriting $100,000. What is this inheritance worth today (now)...

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10 years from now (future), you will be inheriting $100,000. What is this inheritance worth today (now) if the interest rate is 9.75%.

What is annual interest rate and you compounded monthly?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: May 09, 2023 04:15 AM

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10 years from now (future), you will be inheriting $100,000. What is this inheritance worth today (now)...

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To calculate the present value of the inheritance we need to discount the future value ... View the full answer

Microeconomics An Intuitive Approach with Calculus

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