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The following information is for questions 16 and 17. Question 16 Your client wants to buy a financial product that gives her infinite number of

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The following information is for questions 16 and 17. Question 16 Your client wants to buy a financial product that gives her infinite number of payments. In the first three years, the payment is $1000 per year. Then the payment grows by 1% starting in the fourth year. This 1% growth rate will last forever. How much is the payment at the end of the fourth year? A. $1,000 B. $1,010 C. $1,001 D. $1,041 Question 17 4 pts What is the price of this product if the discount rate is 4.8%? from now And Tom is preparing to pay for his daughter's college tuition. The tuition is the college

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