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When Holly turned 18 her lawyer, Saul Goodman, contacted her with great news. He told her that an unknown benefactor, who goes by the alias
When Holly turned 18 her lawyer, Saul Goodman, contacted her with great news. He told her that an unknown benefactor, who goes by the alias Walter White, has left her a stream of cash flows. On that day he gave her $100,000 in cash and promised an annual payment stream that grows by 25% each year to be paid to her on her birthday. Now Holly is 25. How much money does Holly have today from this stream of cash flows? Assume she did not invest or spend any of it. Please round to 2 decimals
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