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Assume a 57 payment, constant-growth annuity, where the first payment will be $468 at Year 1, and each additional payment will grow at an annual

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Assume a 57 payment, constant-growth annuity, where the first payment will be $468 at Year 1, and each additional payment will grow at an annual rate of 12.0 percent. Also assume that the appropriate effective annual rate of return associated with this cash flow is 6.0 percent. Given this information, determine the value of this constant growth annuity at Year 57. O $4,563,586.84 $4,665,452.62 $4,767,318.40 $4,869,184.18 $4,971,049.95

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