Question: Question Completion Status: QUESTION 35 0.75 p Your recently departed rich, eccentric uncle has left for you in his will a large sum of money.

Question Completion Status: QUESTION 35 0.75 p
Question Completion Status: QUESTION 35 0.75 p Your recently departed rich, eccentric uncle has left for you in his will a large sum of money. Unfortunately, rather than giving you this sum of money immediately, he has instructed the executor of the will to pay you $10,000 in one year. This payment is to grow by 9% each year and to be made each year forever. If the appropriate discount rate is 10%, how much have you actually inherited? O $11, 111.11 O $10,000,000 $100,000 OO $1,000,000 $9,090.90 QUESTION 36 Calculate the present value of a growing annuity given the following information: annual cash flows = $100,000; cash flow growth rate = 2%; required rate of return = 9%; timeframe = 50 years. O $1,376, 860 O $1,377,860 O $1,378,860 O $1,375,860 O $1,379,860

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