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What is the present value of a stream of cash flows expected to grow at a 10 percent rate per year for 5 years and
What is the present value of a stream of cash flows expected to grow at a 10 percent rate per year for 5 years and then remain constant thereafter until the final payment in 30 years? The payment at the end of the first year is $1,000 and the discount rate is 5.00 percent.
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