(Answered) Suppose that you will receive 100 in 4 years end of year 4

Engineering

Suppose that you will receive $100 in 4 years (end of year 4) and every even year thereafter (year 6, 8, ...) you will receive a payment that is 5% bigger than the prior payment. What is the present value of these payments assuming the discount rate is 10% APR?

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