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What is the Net Present Value (NPV) of receiving $25,000 in year 1, which grows by 1% every year afterwards (i.e. you receive $25,000 in
What is the Net Present Value (NPV) of receiving $25,000 in year 1, which grows by 1% every year afterwards (i.e. you receive $25,000 in year 1, $25,000 + 1% x $25,000 in year 2, etc.)? The discount rate is 6%
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