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Home Q & A Board Other Fields Homework Help Business Accounting
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kaykay41 kaykay41
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A month ago
Dina Jones just learned that she received an inheritance from her grandmother. The inheritance provides for Dina to receive $5,000 per year at the end of the year for each of the next 5 years.  Assuming a discount rate of 10%, what is the value of this inheritance to Dina today?

Type of Cash FlowPeriodsInterest RateFactor
PV of $1510%0.6209
FV of $1510%1.6105
PV ordinary annuity510%3.7908
FV ordinary annuity510%6.1051
PV annuity due510%4.1699


▸ $30,526

▸ $20,849

▸ $18,954

▸ $15,523
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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kady_kelsey2kady_kelsey2
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A month ago
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More solutions for this book are available here
$18,954

$5,000 × 3.7908 = $18,954
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kaykay41 Author
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A month ago
this is exactly what I needed
kiara23247843
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Yesterday
Just got PERFECT on my quiz
rileyjones420
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2 hours ago
You make an excellent tutor!
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