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Business, 27.11.2021 16:00 Ganggang62

Your grandfather left you an inheritance that will provide an annual income for 20 years. You will receive the first payment three years from now in the amount of $2,500. Every year after that, the payment amount will increase by 5 percent. What is your inheritance worth to you today if you can earn 7.5 percent on your investments?

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Your grandfather left you an inheritance that will provide an annual income for 20 years. You will r...
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