The annual worth for years 1 through infinity of $50,000 now, $10,000 per year in years 1
Question:
The annual worth for years 1 through infinity of $50,000 now, $10,000 per year in years 1 through 15, and $20,000 per year in years 16 through infinity at 10% per year is closest to:
(a) less than $16,900
(b) $16,958
(c) $17,395
(d) $19,575
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