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Smith receives annual dividends, which began one year after an investment of $10,000 fifteen years ago. Dividends have increased 2% every year. The dividend Smith
Smith receives annual dividends, which began one year after an investment of $10,000 fifteen years ago. Dividends have increased 2% every year. The dividend Smith received today was $659.74. What is the accumulated value today of Smith's dividends assuming an effective annual interest rate of 5.06%.
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