Question: Laura Hall just learned that she received an inheritance from her grandmother. The inheritance provides for Laura to receive $5600 per year at the

Laura Hall just learned that she received an inheritance from her grandmother.

Laura Hall just learned that she received an inheritance from her grandmother. The inheritance provides for Laura to receive $5600 per year at the end of the year for each of the next 4 years. Assuming a discount rate of 13%, what is the value of this inheritance to Laura today? Type of Cash Flow PV of $1 FV of $1 PV ordinary annuity FV ordinary annuity PV annuity due Periods Interest Rate 13% 13% 13% 13% 13% Factor 0.6133 1.6305 2.9745 4.8498 3.3612

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