An inheritance will be $20,000. The interest rate forthe time value of money is 6%. How much is theinheritance worth now, if it will be received3-19(a) in 5 years?(b) in 10 years?(c) in 20 years?(d) in 50 years?

An inheritance is a financial term describing the assets passed down to individuals after someone…

9 An inheritance will be $20,000. The interest rate the time value of money is 6%. How much is inheritance worth now, if it will be received (a) in 5 years? (b) in 10 years? (c) in 20 years? (d) in 50 years?

9 An inheritance will be $20,000. The interest rate the time value of money is 6%. How much is inheritance worth now, if it will be received (a) in 5 years? (b) in 10 years? (c) in 20 years? (d) in 50 years?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An inheritance will be $20,000. The interest rate for
the time value of money is 6%. How much is the
inheritance worth now, if it will be received
3-19
(a) in 5 years?
(b) in 10 years?
(c) in 20 years?
(d) in 50 years?

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