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Your grandfather has left for you in his will a large sum of money. Unfortunately, rather than giving you this money immediately, he has instructed

Your grandfather has left for you in his will a large sum of money. Unfortunately, rather than giving you this money immediately, he has instructed the trustee to first pay you $10,370 in one year. This payment is to grow by 7.25% each year and to be made annually forever. If the appropriate discount rate is 9.25% compounded monthly, how much have you actually inherited today?

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