Question: I need some help for this question! Your neighbor found out his uncle left him $450,000 which he will receive on his 18th birthday next
I need some help for this question!
Your neighbor found out his uncle left him $450,000 which he will receive on his 18th birthday next year. If the real interest rate is 5%, what is the present value of his inheritance? What if the interest rate was 2%?
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