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The fair rate is 8%. What is 100 per year, forever, worth now? (1250) What is the same 100 per year in number 1 worth

  1. The fair rate is 8%. What is 100 per year, forever, worth now? (1250)
  2. What is the same 100 per year in number 1 worth if it only lasts for 15 years? Same rate. (855.948)

Can somebody show me how to do the calculation for number 2 on paper?

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