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Homework answers / question archive / 1)Your uncle left you an inheritance in the form of a trust

1)Your uncle left you an inheritance in the form of a trust

Finance

1)Your uncle left you an inheritance in the form of a trust. The trust agreement states that you are to receive $750 each year, starting today and continuing for 25 years. What is the value of this inheritance today if the applicable discount rate is 5.8%? Multiple Choice $9,772,46 $9,989.82 $10,339.26 $10,623.33 $11,004.28

2)You are borrowing money today at a 7.5% interest rate. You will repay the principal plus all the interest in one lump sum of $7,500 two years from today. What is the amount of the loan proceeds? Multiple Choice $6,003.47 $6,166.67 $6,250.00 $6,418.30 $6,489.99

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