What is the present value? of this? donation

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A rich donor gives a hospital $970,000 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?%?

Reference no: EM131618679

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