Question: 3 - 1 9 An inheritance will be $ 2 0 , 0 0 0 . The interest rate for the time value of money

3-19 An inheritance will be $20,000. The interest rate for the time value of money is 7%. How much is the inheritance worth now, if it will be received
(a) in 5 years?
(b) in 10 years?
(c) in 20 years?
(d) in 50 years?

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