Question: 4. A contract specifies that you will receive $3000 in one year, $3000 in two years, and annual payments that grow at a 2% per

4. A contract specifies that you will receive $3000 in one

4. A contract specifies that you will receive $3000 in one year, $3000 in two years, and annual payments that grow at a 2% per year forever after that. So, the time t=3 payment will be $3060. If the appropriate interest rate is 5.5%, compounded annually, what is the value of this contract

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