question archive Your rich uncle has recently passed away and left you an inheritance in the next 30 years
Subject:Operations ManagementPrice:2.87 Bought7
Your rich uncle has recently passed away and left you an inheritance in the next 30 years. You will receive $2,000 per year from year 5 through year 10, $5,000 per year from year 11 through year 20, and $3,500 per year from year 21 to year 30. At a rate of 7 percent compounded annually, what is the present value of your uncle's generosity?
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