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Simon has just secured a job whose annual salary is sh 200,000.The job is of a four year contract. The salary is expected to increase

  1. Simon has just secured a job whose annual salary is sh 200,000.The job is of a four year contract. The salary is expected to increase by 12% p.a during the contract period. The discounting rate is 16% the salary is received at the end of each year. Compute the present value of the growing annuity

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