An investment promises to pay $10,000 at the end of the current period. Thereafter cash flows are expected to grow an annual rate of 2% for 30 years. If the appropriate discounting rate is 6% what is the value of the investment today?
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An investment promises to pay $10,000 at the end of the current period. Thereafter cash flows are expected to grow an annual rate of 2% for 30 years. If the appropriate discounting rate is 6% what is the value of the investment today?