What is the present worth of his remaining income from trust

Reference no: EM13695908

Ken will receive a $5,000 annual payment from a family trust. This will continue until Ken in 30; he is now 20. Inflation averages 4% and Ken’s real MARR is 8%. If the first payment is a year from now and a total of 10 payments are to be made, what is the present worth of his remaining income from the trust?

Reference no: EM13695908

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