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What is the present value of a series of payments received each year forever, starting with $ 1 , 0 0 0 paid one year
What is the present value of a series of payments received each year forever, starting with $ paid one year from now and the payment growing in each subsequent year by Assume a discount rate of
Equivalently: What amount would you have to invest today at an interest rate of to generate an annual payment forever, starting with $ and the payment growing in each subsequent year by
Please round your answer to the nearest hundredth.
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