A rich donor gives a hospital $ 960 comma 000 one year from today. Each year after that, the hospital will receive a payment 5 % larger than the previous payment, with the last payment occurring in ten years' time. What is the present value (PV) of this donation, given that the interest rate is 9 %?
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A rich donor gives a hospital $ 960 comma 000 one year from today. Each year after that, the hospita...
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