Aunt Clarisse has promised to leave you $60 a year starting next year and have it increase at 4% a year thereafter. The payments are expected to go on indefinitely. How much has Aunt Clarisse left you if your opportunity costs is 9%.

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The Answer of Aunt Clarisse has promised to leave you $60 a year starting next year and have it increase at 4% a year thereafter. The payments are expected to go on indefinitely. How much has Aunt Clarisse left you if your opportunity costs is 9%.

Aunt Clarisse Has Promised to Leave You $60 a Year