Question: An inheritance will be worth $20,000. The interest rate is 6% per annum. How much is the inheritance worth now, if it will be
An inheritance will be worth $20,000. The interest rate is 6% per annum. How much is the inheritance worth now, if it will be received in: (Show Cash Flow Diagrams) 5 years? A) B) C) D) 10 years? 20 years? 50 years?
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Problem Analysis We are given Future Value FV 20000 Annual Interest Rate i 6 006 Periods n varies pe... View full answer
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