Question: On third thought, Emphatically Square and heirs will receive $1,000 a year for only 25 years, but it will grow by 3 percent annually. The

On third thought, Emphatically Square and heirs will receive $1,000 a year for only 25 years, but it 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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