What is the present value of your inheritance

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Reference no: EM13947020

You will receive a $100,000 inheritance in 20 years. Your investments earn 6% per year, compounded annually. To the nearest hundred dollars, what is the present value of your inheritance? A. $8,700 B. $29,800 C. $31,200 D. $35,500 E. $5,000

Reference no: EM13947020

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