Estate worth in today dollars


A wealthy woman just died and left her pet cats the following estate: $50,000 per year for the next 15 years with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in today's dollars?

A) $588,352.84

B) $607,180.14

C) $750,000.00

D) $774,000.00

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Finance Basics: Estate worth in today dollars
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