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A jury awards you a stream of 50 annual payments for 50 years. The first payment is 20,000 dollars one year from today. After the
A jury awards you a stream of 50 annual payments for 50 years. The first payment is 20,000 dollars one year from today. After the first payment, each payment will increase with respect to the previous payment by the 4% annual inflation rate. The market effective annual interest rate is equal to 95. Calculate the present value of the 50 year stream of payments.
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