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1 An investment has been established to fund scholarships in perpetuity. The next annual distribution will be $1,500 and future payments will increase by 2.5
1 An investment has been established to fund scholarships in perpetuity. The next annual distribution will be $1,500 and future payments will increase by 2.5 percent per year. What is the value of this investment at a discount rate of 7 percent? ut of a. $33,333.33 b. $26,666.67 c. $27,272.73 d. $48,412.34 e. $60,000 2 Al is depositing $3,000 today in an account with an expected rate of return of 10%. If he deposits an additional $4,000 three years from today, and $4,200 four years from today, what will his account balance be twelve years from today? ut of a. $20.888.51 b: $11,200 e. $23,016.65 d. $27,850,15 e. $23,052.08 109
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