What is the current economic value of an inheritance that will pay $2,000 to the beneficiary at the beginning of every three months for 20 years, starting when the beneficiary reaches 20 years of age, 4½ years from now? Assume that money is worth 6% compounded monthly. (Round to the nearest dollar.)

Question

Quizplus · Accepted Answer

The Answer of What is the current economic value of an inheritance that will pay $2,000 to the beneficiary at the beginning of every three months for 20 years, starting when the beneficiary reaches 20 years of age, 4½ years from now? Assume that money is worth 6% compounded monthly. (Round to the nearest dollar.)

What Is the Current Economic Value of an Inheritance That