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What is the value of this inheritance to lisa today

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Reference no: EM133189362

Question - Lisa Anderson just learned that she received an inheritance from her grandmother. The inheritance provides for Lisa to receive $6000 per year at the end of the year for each of the next 5 years. Assuming a discount rate of 11%, what is the value of this inheritance to Lisa today?

Type of Cash Flow

Periods

Interest Rate

Factor

PV of $1

5

11%

0.5935

FV of $1

5

11%

1.6851

PV ordinary annuity

5

11%

3.6959

FV ordinary annuity

5

11%

6.2278

PV annuity due

5

11%

4.1024

Reference no: EM133189362

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