Question: You expect to receive an inheritance. The inheritance will be disbursed in 10 equal payments of $10,000, beginning one years from now. If the annual

You expect to receive an inheritance. The inheritance will be disbursed in 10 equal payments of $10,000, beginning one years from now. If the annual interest rate is 7%, how much is it worth today? How much is it worth after 10 years?

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