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Under the headline Local Theatre Project Receives $1 Million! a newspaper article explained that the Theatre Project had just received the first of ten annual

Under the headline Local Theatre Project Receives $1 Million! a newspaper article explained that the Theatre Project had just received the first of ten annual grants of $100,000 from the Hinton Foundation. What is the current economic value of all of the grants if money is worth 7.5% compounded monthly?

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