For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.8% compounded semi-annually. If ordinary annuity payments of $185 per month are to be made out of the fund for seven years, how much was the inheritance? Please explain it fast but correct. I will really upvote. Thanks

For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.8% compounded semi-annually. If ordinary annuity payments of $185 per month are to be made out of the fund for seven years, how much was the inheritance? Please explain it fast but correct. I will really upvote. Thanks

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 14MCQ

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