What is the present value of a series of payments received each year for 6 years, starting

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What is the present value of a series of payments received each year for 6 years, starting with $100 paid one year from now and the payment growing in each subsequent year by 3%? Assume a discount rate of 4%.

Please round your answer to the nearest hundredth.

Posted Date: May 19, 2024 09:11 AM

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What is the present value of a series of payments received each year for 6 years, starting

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