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The perpetual annual worth of investing $50,000 now and $20,000 per year starting in year 16 and continuing forever at 12% per year is closest

The perpetual annual worth of investing $50,000 now and $20,000 per year starting in year 16 and continuing forever at 12% per year is closest to:

a. 4200 b. 8650 c. 9655 d. 10,655

PLEASE EXPLAIN WHY 15 YEARS IS USED IN THE SOLUTION. Work out the problem, and when you use 15 years, please explain why you use it.

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