SOLUTION: Six years from now, you will be inheriting $100,000. What is this inheritance worth to you today if you can earn 6 percent interest, compounded annually?

Question 621694: Six years from now, you will be inheriting $100,000. What is this inheritance worth to you today if you can earn 6 percent interest, compounded annually?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Six years from now, you will be inheriting $100,000. What is this inheritance worth to you today if you can earn 6 percent interest, compounded annually?
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It's strange wording.
If it means what amount now would be worth $100,000 in 6 yrs:
100000 = AMT*(1.06)^6
AMT = 100000/(1.06)^6
AMT =~ $70,496.05
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