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December 14th, 2011, 01:17 PM   #11
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Re: finance help

n is the number of years the amount is invested... so what will that be in this case?
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December 14th, 2011, 01:20 PM   #12
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Re: finance help

It would be 20 years
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December 14th, 2011, 08:32 PM   #13
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Re: finance help

Yes, it's 20 years. Sometimes it helps to draw a little line with the years on it, and plot in where things are happening so you can see where it all is. That includes (c). I agree with CRG about that whole life expectancy thing. That was the assumption I was referring to that you have to make. What you really need is how many years you'll live after you retire.
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December 14th, 2011, 08:38 PM   #14
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Re: finance help

Quote:
Originally Posted by Denis
Quote:
Originally Posted by moralvirus
A wealthy relative has passed away and left an inheritance of $200,000 to you, which you will receive exactly three years from today.

a) What is the present value today of this inheritance assuming interest rates are currently 5%?
If you're unable to do this quite simple part, then you need help from your teacher;
homework not done here.
No, but help understanding homework is supposed to be done here. Some people are too lazy to try or learn, which is why I ask what they have attempted on it, or what they're not understanding. (I have no interest in the lazy ones who just want answers.) But some teachers suck big time and people aren't learning from them. Perhaps that's why the non-lazy ones come here.
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