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What is the present value of a 5-year growing annuity with the first payment of $2,400, discount rate of 5% and growth rate of 10%?
What is the present value of a 5-year growing annuity with the first payment of $2,400, discount rate of 5% and growth rate of 10%? Assume that the payments occur at the end of the year.
options:
$6,137.76
$9,097.89
$12,570.08
$13,345.37
$7,010.11
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