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1.A growing 7-year annuity just paid $1,250 and is expected to grow at 4.6% per year. How much will you be willing to pay for

1.A growing 7-year annuity just paid $1,250 and is expected to grow at 4.6% per year. How much will you be willing to pay for this annuity today if you require 14% per year rate of return on it?

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