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Sam has a geometric annuity immediate whose monthly payments (at the end of each period) grow 2.325% each month. The first payment is $7,188.72, the
Sam has a geometric annuity immediate whose monthly payments (at the end of each period) grow 2.325% each month. The first payment is $7,188.72, the nominal interest rate is r(26) = 9.025%, and the term is 4 years. What is the present value of her annuity? If you can do it on excel would be appreciated!
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