# Consider a growing annuity which will last for 30 years. The first payment will occur three years from today and you will receive \$500. Every three years, you will receive a payment that is 5% higher than the previous payment. If the interest rate is 5% per year, what is the present value of these cash flows? A. 2895 B. 4645 C. 4762 D. infinity

Consider a growing annuity which will last for 30 years. The first
payment will occur three years from today and you will receive \$500. Every three years, you will receive a payment that is 5% higher than the previous payment. If the interest rate is 5% per year, what is the present value of these cash flows?
A. 2895 B. 4645 C. 4762 D. infinity

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The post Consider a growing annuity which will last for 30 years. The first payment will occur three years from today and you will receive \$500. Every three years, you will receive a payment that is 5% higher than the previous payment. If the interest rate is 5% per year, what is the present value of these cash flows? A. 2895 B. 4645 C. 4762 D. infinity appeared first on Superb Professors.