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What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and the payment growing in each subsequent year by 6%

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kianahackley kianahackley

18-01-2022

Answer:

Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

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