=+c. Now consider this: Think of the 10-year annuity as the difference between an infinitely lasting annuity

Question:

=+c. Now consider this: Think of the 10-year annuity as the difference between an infinitely lasting annuity that starts making payments next year and an infinitely lasting annuity that starts 11 years from now. What is the 10-year annuity worth when you think of it in these terms?

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