What is the value of this growing annuity 4 years from now

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Problem: A eight-year growing annuity of eight annual payments will begin 6 years from now, with the first payment $6,200 coming 7 years from now and annual payment growing at 3 percent. If the annual discount rate is 7 percent, what is the value of this growing annuity 4 years from now?

Reference no: EM132423134

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