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You paint the inside of your house today at a cost of $5000. You plan to paint the inside of your house every 4 years

You paint the inside of your house today at a cost of $5000. You plan to paint the inside of your house every 4 years for 40 more years (at end of 4 year, 8 years, , 40 years) at which time you will sell your home and move to a condo. The cost of painting is expected to rise $100 every year. If i (2) = 5%, what is the present value of the costs of painting your home (including the cost of todays painting)

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