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An investment product offers you an initial cashflow of $100 at the end of the first year. For the next nine years, the annual cash

An investment product offers you an initial cashflow of $100 at the end of the first year. For the next nine years, the annual cash flows will grow at a rate of 2% annually. Thereafter, the cashflows will remain constant yearly forever. If the annual interest rate is 4%, what is the present value of this opportunity?

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