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A rich aunt has promised you $ 1 , 0 0 0 one year from today. In addition, each year after that, she has promised
A rich aunt has promised you $ one year from today. In addition, each year after that, she has promised you a payment on the anniversary of the last payment that is larger than the last payment. She will continue to show this generosity for years, giving a total of payments. If the interest rate is what is her promise worth today?
Your rich aunt's promise is worth $ today. Round to the nearest cent.
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