Noel Klinger is planning to invest in an insurance company product. The product will pay $12,500 at
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Noel Klinger is planning to invest in an insurance company product. The product will pay $12,500 at the end of this year. Thereafter, the payments will grow annually at a 2.5 annual percent rate forever. Jack will be able to invest his cash flows at an annual rate of 5 percent. calculate What is the present value of this investment cash flow stream?
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