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His uncle promised to invest his business $100,000 a year over the next 15 years, and the interest rates over next 15 years are expected
His uncle promised to invest his business $100,000 a year over the next 15 years, and the interest rates over next 15 years are expected be at 5% per annual. Can you help him to know whether the present value of such series of investments make him equavalent to be a millionaire today?
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