Your great-aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,500 on the first day of each year, starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6.35%?
Answer
$36,811.30
$37,557.52
$39,204.04
$39,942.42
$40,006.09