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Sandra Robinson just learned that she received an inheritance from her grandmother. The inheritance provides...

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Accounting

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Sandra Robinson just learned that she received an inheritance from her grandmother. The inheritance provides for Sandra to receive $5500 per year at the end of the year for each of the next 4 years. Assuming a discount rate of 12%, what is the value of this inheritance to Sandra today? Type of Cash Flow Periods Factor Interest Rate PV of $1 4 12% 0.6355 FV of $1 4 12% 1.5735 PV ordinary annuity 4 12% 3.0373 FV ordinary annuity 4 4. 12% 4.7793 PV annuity due 4 12% 3.4018 $18710 $16705 $26286 $13210

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