Business, 15.07.2020 18:01 lizzyhearts

A rich donor gives a hospital $ 990 comma 000$990,000 one year from today. Each year after that, the hospital will receive a payment 66% 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 1010%?

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A rich donor gives a hospital $ 990 comma 000$990,000 one year from today. Each year after that, the...

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