What is the equivalent present value of the inheritance

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Reference no: EM131972580

At the reading of the will, you learn that your inheritance will allow you to receive the amount of $570 at the end of each year for a total of 17 consecutive years. However, because of your young age, these amounts will not begin until the end of 3 years. If the interest rate is 9%, what is the equivalent present value of the inheritance?

Reference no: EM131972580

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