Twelve Years from Now, You Will Be Inheriting $60,000 What

question 25

Multiple Choice

Twelve years from now, you will be inheriting $60,000 What is this inheritance worth to you today if you can earn 6.0 percent interest, compounded annually?

• A)$29,818.16
• B)$29,945,94
• C)$58,419.0550,112.92
• D)$61,798.4750,100.00
• E)$53,003.15