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A rich aunty has promised you $ 2 , 0 0 0 in three - month s time from today. In addition, each quarter after

A rich aunty has promised you $2,000 in three-months time from today. In addition, each quarter after that, he promised you a payment (on the quarterly basis) that is 1% larger than the last payment (i.e., payment grows at 1% per quarter). She will continue to show his generosity for 20 years, with the last payment occurring at the end of 20th year. Assuming an effective annual rate (EAR) of 5.095%, what is her promise worth today? Round your response to the nearest dollar.

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