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You expect to earn $50,000 annually at graduation, with the first payment in 1 year, and you hope your salary will grow at a rate

You expect to earn $50,000 annually at graduation, with the first payment in 1 year, and you hope your salary will grow at a rate of 10%. Your discount rate is 12%. What is the PV of your future earnings if you expect to work forever?

A. $2,100,000

B. $420,000

C. $350,000

D. $2,500,000

E. $500,000

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