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Using a discount rate of 8% per year, find the future value 18 years from today of an annuity stream with annual payments, in which
Using a discount rate of 8% per year, find the future value 18 years from today of an annuity stream with annual payments, in which the first payment of $80 occurs immediately, and the last payment occurs at the end of the 8th year. The payments are expected to grow at 8% per year.
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