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? 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.