Dina Jones just learned that she received an inheritance from her grandmother.The inheritance provides for Dina to receive $5,000 per year at the end of the year for each of the next 5 years.Assuming a discount rate of 10%, what is the value of this inheritance to Dina today?
A) $15,523
B)$20,849
C)$18,954
D)$30,526

Question

Dina Jones just learned that she received an inheritance from her grandmother.The inheritance provides for Dina to receive $5,000 per year at the end of the year for each of the next 5 years.Assuming a discount rate of 10%, what is the value of this inheritance to Dina today?
A) $15,523 
B)$20,849 
C)$18,954 
D)$30,526

Quizplus · Accepted Answer

The Answer of Dina Jones just learned that she received an inheritance from her grandmother.The inheritance provides for Dina to receive $5,000 per year at the end of the year for each of the next 5 years.Assuming a discount rate of 10%, what is the value of this inheritance to Dina today?
A) $15,523 
B)$20,849 
C)$18,954 
D)$30,526

Dina Jones Just Learned That She Received an Inheritance from Her