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. You will receive a 10-year growing annuity. You will receive your first payment of $1,000 at the end of the year. Your annuity will
. You will receive a 10-year growing annuity. You will receive your first payment of $1,000 at the end of the year. Your annuity will grow at 10% after that. Your required rate of return is 10%. What is future value (FV10) of this growing annuity?
- ans: 23,579.48
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