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Calculate the present worth of a 25-year geometric cash flow progression, where the cash flow value increases at a rate of 4% per year. Assume
Calculate the present worth of a 25-year geometric cash flow progression, where the cash flow value increases at a rate of 4% per year. Assume the value in the first year is $2,500 and the hurdle rate is 10% per year. Express your answer in terms of dollars, rounded to the nearest dollar (e.g., 1234).
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