Question

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?

Answer 1

Answer:

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.

Step-by-step explanation:

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