A rich aunt has promised you $6000 one year from today. In addition, each year after that, she has promised you a paymen
Posted: Sun Jun 05, 2022 10:47 am
A rich aunt has promised you $6000 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 2% larger than the last payment. She will continue to show this generositu for 20 payments. If the interest rate is 80%, what is her promised worth today?