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A rich aunt has promised you $ 5 0 0 0 one year from today. In addition, each year after that, she has promised you

A rich aunt has promised you $5000 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 5% larger than the last payment. She will continue to show this generosity for 15years, giving a total of 15 payments. If the interest rate is 5%, what is her promise worth today?

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