Question: On second thought, Emphatically Square and heirs will receive $1,000 a year forever that will grow by 3 percent annually. The long-term annual expected interest

On second thought, Emphatically Square and heirs will receive $1,000 a year forever that will grow by 3 percent annually. The long-term annual expected interest rate is 7 percent. What is the current worth of this annuity?

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