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question archive Your rich uncle has recently passed away and left you an inheritance in the next 30 years

Your rich uncle has recently passed away and left you an inheritance in the next 30 years

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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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