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You will receive a stream of payments beginning at the end of year 1 and the amount will increase by $10 each year until the
You will receive a stream of payments beginning at the end of year 1 and the amount will increase by $10 each year until the final payment at the end of year 5. If the first payment is $47, what amount will you have at the end of year 5 if you can invest all amounts at a 0.11% interest rate?
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