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Jordan,Start with year zero's earnings of 203. For each year:[ 203 * (1 + .07)^n ] / (1 + .10)^nwhere "n" is year 1,2,3,4,5.The first part of the formula is the future value at 7% growth, and the second part discounts it back to the present at 10%.It adds up to 935.-joe
[ 203 * (1 + .07)^n ] / (1 + .10)^n
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