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At the reading of the will, you learn that your inheritance will allow you to receive...

At the reading of the will, you learn that your inheritance will allow you to receive the amount of $460 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 3%, what is the equivalent present value of the inheritance?

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