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QUESTION
You are in my will! When I die you will receive $10,000. The fair return is 4%. What is the value of your inheritance now if I am expected to live
You are in my will! When I die you will receive $10,000. The fair return is 4%. What is the value of your
inheritance now if I am expected to live for 15 more years? B. You owe me $62,468 but can only pay me
$10,000 per year. If the agreed upon rate is 8%, how long will it take to repay me?
