What is the value of this inheritance today

Reference no: EM13295545

Your great-aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,500 on the first day of each year, starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6.35%?

Answer

$36,811.30

$37,557.52

$39,204.04

$39,942.42

$40,006.09

Reference no: EM13295545

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