Twelve years from now, you will be inheriting $60,000 What is this inheritance worth to you today if you can earn 6.0 percent interest, compounded annually? Feedback: Present value = $60,000/(1 + . 06) = $29,818.16 18. You want to have $32,000 for a down payment on a house 5 years from now.
The expression would be $0.20 x f. Once you figure out what the 'f' variable stands for, you have to multiply it by $0.20, and you will have your answer.
