What is the present value for your inheritance, Finance Basics

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What is the present value for your inheritance

Problem

Today you have received an inheritance as follows:

a) 1 payment for 60k in 1 year from today
b) 1 payment for 50k in 2 years from today
c) 1 payment for 40k in 3 years from today
d) You will receive a perpetuity of 7k per year starting at the end of year 7 from today.

If the relevant interest rate is 5%, What is the present value for your inheritance?

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Finance Basics: What is the present value for your inheritance

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