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The present value of a stream of profits starting at $10 per year and growing by $1 per year (year 1 = $10, year 2
The present value of a stream of profits starting at $10 per year and growing by $1 per year (year 1 = $10, year 2 = $11, year 3 = $12, etc.) at a 5% discount rate and lasting for 100 years Please help me understand how is it solved in steps.
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