Question: Nancy Jackson just learned that she received an inheritance from her grandmother. The inheritance provides for Nancy to receive $5100 per year at the end

Nancy Jackson just learned that she received an inheritance from her grandmother. The inheritance provides for Nancy to receive $5100 per year at the end of the year for each of the next 6 years. Assuming a discount rate of 11%, what is the value of this inheritance to Nancy today? Type of Cash Flow Periods Interest Rate Factor PV of $1 6 11% 0.5346 FV of $1 6 11% 1.8704 PV of ordinary annuity 6 11% 4.2305 FV of ordinary annuity 6 11% 7.9129 PV annuity due 6 11% 4.6959

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