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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 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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