Calculate the pv of a growing annuity in arrears, given r=8%, n=11 years, g=3% and the initial
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Question:
Calculate the pv of a growing annuity in arrears, given r=8%, n=11 years, g=3% and the initial cash flow at the end of year 1 is $32,506.
A. $214,664 B. $263,822 C. $242,329 D. $264,161
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