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What is the future value at the time of the last payment of a growing annuity where the first annual payment (of $50,000) is in
What is the future value at the time of the last payment of a growing annuity where the first annual payment (of $50,000) is in one year, each subsequent payment is 4% greater than the previous payment, and there are 20 payments. Effective Interest Rate is 12% _______________________
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