Question: Please explain if it is good deal or not Example 10: If Mr. Evil tells you that if you give him $1 now, you will

Please explain if it is good deal or not

Example 10: If Mr. Evil tells you that if you give him $1 now, you will get some money back from him every year forever. The payment starts from one penny and will grow at 8% per year forever. Is it a good deal for you? Assume that the first payment occurs in a year and that the interest rate is 10%. Solve for PV

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