Find the value of her legacy at the time of the bequest

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Reference no: EM131043481

Jasper is bequeathed a thirty year deferred annuity that has a payment at the the end of each third year. The first payment is for $15000 and is made five years after she receives inheritance. There is always an increase of $ 4000 from one payment to the next. Find the value of her legacy at the time of the bequest, assuming that annual effective interest rate remains level at 5%. Please solve using annuity due

Reference no: EM131043481

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