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larger than the last payment. This pattern of payments will go on forever. Assume that the interest rate is 1 5 % per year a

larger than the last payment. This pattern of payments will go on forever. Assume that the interest rate is 15% per year
a. What is today's value of the bequest?
b. What is the value of the bequest immediately after the first payment is made?
a. What is today's value of the bequest?
Today's value of the bequest is $,(Round to the nearest cent)
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