Business, 19.03.2020 05:42 vision17

A rich aunt has promised you $ 3 comma 000$3,000 one year from today. In addition, each year after that, she has promised you a payment (on the anniversary of the last payment) that is 7 %7% larger than the last payment. She will continue to show this generosity for 2020 years, giving a total of 2020 payments. If the interest rate is 7 %7%, what is her promise worth today?

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A rich aunt has promised you $ 3 comma 000$3,000 one year from today. In addition, each year after t...

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