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Your investment will provide an annual income for the next 10 years. You will receive the first payment one year from now, at $500. After
Your investment will provide an annual income for the next 10 years. You will receive the first payment one year from now, at $500. After the first payment, the payment amount will increase yearly by 5%. What's your investment worth to you today if you can earn 10% on your investments?
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