Question: Barbara Jones just learned that she received an inheritance from her grandmother. The inheritance provides for Barbara to receive $4300 per year at the end

Barbara Jones just learned that she received an inheritance from her grandmother. The inheritance provides for Barbara to receive $4300 per year at the end of the year for each of the next 4 years. Assuming a discount rate of 8%, what is the value of this inheritance to Barbara today?

Type of Cash Flow	Periods	Interest Rate	Factor
PV of $1	4	8%	0.7350
FV of $1	4	8%	1.3605
PV ordinary annuity	4	8%	3.3121
FV ordinary annuity	4	8%	4.5061
PV annuity due	4	8%	3.5771

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