Assume that today is the end of 2022 and you have decided to start an investment plan
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Question:
Assume that today is the end of 2022 and you have decided to start an investment plan at the end of 2026. At that time, you will invest $5,000 with this investment plan with this amount growing at a constant rate of 4% p.a. over the foreseeable future. If the interest rate appropriate for valuing your investment plan is 12% p.a. calculate the present value of this investment plan today.
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