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You have a $50,000 twenty year growing annuity earning 8% interest compounded annually. Calculate its present value if this annuity has a 2% growth rate.

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You have a $50,000 twenty year growing annuity earning 8% interest compounded annually. Calculate its present value if this annuity has a 2% growth rate. $425,745 $567,661 $670,843 O $772,176 O None of the above is correct

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