IDNLearn.com offers expert insights and community wisdom to answer your queries. Ask your questions and receive reliable, detailed answers from our dedicated community of experts.

at the reading of the will, you learn that your inheritance will allow you to receive the amount of $540 at the end of each year for a total of 11 consecutive years. however, because of your young age, these amounts will not begin until the end of 5 years. if the interest rate is 9.00%, what is the equivalent present value of the inheritance?