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Your great-grandfather, in his will, left you the sum of $30,000/year forever with payments starting two years (Year 2) from today (Year 0). However, the

Your great-grandfather, in his will, left you the sum of $30,000/year forever with payments starting two years (Year 2) from today (Year 0). However, the news is even better. He has specified that the amount would grow at 1.5% per year after the first payment to offset inflation rate (i.e., the second payment would be $30,000 x (1 + 0.015)). With an APR of 2% compounded continuously, what is the PV of the inheritance today?

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