Page 1 of 1
You recently found that a rich Uncle Herbert you never knew existed left you $142,620 in his will. The problem is, that
Posted: Wed Jul 06, 2022 6:27 pm
by answerhappygod
- You Recently Found That A Rich Uncle Herbert You Never Knew Existed Left You 142 620 In His Will The Problem Is That 1 (29.53 KiB) Viewed 11 times
You recently found that a rich Uncle Herbert you never knew existed left you $142,620 in his will. The problem is, that money is not available to you for 22 more years (because uncle Herbert didn't think you were old enough to handle it - but he didn't know you all that well). Because you did so well in your Economics classes, you are aware of inflation (which you estimate to average 1.08% per year over the next 22 years). What is the value of the $142,620 your uncle left you in today's dollars? Enter your answer to the nearest cent!