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A rich donor gives a hospital $50000 one year from today. Each year after that, the hospital will receive a payment 1.5% larger than the

A rich donor gives a hospital $50000 one year from today. Each year after that, the hospital will receive a payment 1.5% larger than the previous payment, with the last payment occurring in 5 years' time. What is the present value (PV) of this donation, given that the interest rate is 2.5%?

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