You receive an inheritance from your grandmother in the amount of $4 million. Unfortunately, the inheritance will
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You receive an inheritance from your grandmother in the amount of $4 million. Unfortunately, the inheritance will be paid in 5 equal installments. The first payment is in two years from now. How much is the inheritance really worth if the discount rate is 7%? 10%?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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