You have inherited a rich Aunt who lived in South Africa for the past 30 years. however, your has put

You have inherited a rich Aunt who lived in South Africa for the past 30 years. however, your has put

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You have inherited a rich Aunt who lived in South Africa for the past 30 years. however, your has put
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You have inherited a rich Aunt who lived in South Africa for the past 30 years. however, your has put some terms for a collection of the inheritance. These terms are the following.a) for the first 10 years you will collect a constant amount of $1200 at the end of every month.b) Therefore, you will collect a constant amount of $3000 at the end of each month forever.The current interest rate in the market is 6%.
Question. Find how much your inheritance is worth in today’s value.

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To determine the present value of your inheritance we need to discount the future cash flows to thei
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