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Your grandfather left you an inheritance that will provide an annual income for the next 2 3 years. You will receive the first payment one
Your grandfather left you an inheritance that will provide an annual income for the next years. You will receive the first payment one year from now in the amount of $ Every year after that, the payment amount will increase by percent. What is your inheritance worth to you today if you can earn percent on your investments?
Do not round the numbers in the middle of the calculation. Round your final answer to two decimal places.
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