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PV of a Growing Annuity An investment offers the following cash flows: $1000 in one year, followed by 9 more annual payments (years 2-10) that
PV of a Growing Annuity An investment offers the following cash flows: $1000 in one year, followed by 9 more annual payments (years 2-10) that grow at a rate of 10% per year. If your opportunity cost is 9% per year, the PV today of this stream of cash flows is $ Margin of error for correct responses: +/- $.05. Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your final* response to 2 decimal places (Example: if your answer is $12.34567, you should enter 12.35.)
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