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Smart University expects to receive $200 next year from a new donor. They also expect this amount to increase by 3 percent annually and to

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Smart University expects to receive $200 next year from a new donor. They also expect this amount to increase by 3 percent annually and to continue forever. Compute the present value of this donation at a discount rate of 13 percent? $2,000 $20,000 $10,000 $800 $1,800

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