Problem
Today you have received an inheritance as follows:
a) 1 payment for 60k in 1 year from today
b) 1 payment for 50k in 2 years from today
c) 1 payment for 40k in 3 years from today
d) You will receive a perpetuity of 7k per year starting at the end of year 7 from today.
If the relevant interest rate is 5%, What is the present value for your inheritance?