Find inheritance worth if interest is compounded annually
Six years from now, you will be inheriting $100,000. What is this inheritance worth to you today if you can earn 6.5 percent interest, compounded annually? i) $68,533.41 ii) $70,008.21iii) $72,419.05 iv) $72,798.47 v) $74,003.15
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Six years from now, you will be inheriting $100,000. What is this inheritance worth to you today if you can earn 6.5 percent interest, compounded annually?
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