Your uncle left you an inheritance in the form of a trust. The trust agreement states that you are to receive $750 each year, starting today and continuing for 25 years. What is the value of this
Inheritance today if the applicable discount rate is 5.8%?
A) $9,772.46
B) $9,989.82
C) $10,339.26
D) $10,623.33
E) $11,004.28
Correct Answer:
Verified
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