You will receive a $100,000 inheritance in 20 years. You can invest that money today at 6% compounded annually. What is the present value of your inheritance?
A) $27,491.53
B) $29,767.15
C) $31,180.47
D) $35,492.34
E) $100,000.00

Question

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The Answer of You will receive a $100,000 inheritance in 20 years. You can invest that money today at 6% compounded annually. What is the present value of your inheritance?
A) $27,491.53
B) $29,767.15
C) $31,180.47
D) $35,492.34
E) $100,000.00

You Will Receive a $100,000 Inheritance in 20 Years