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10 (Solving for PV of Ordinary annuity ) You are expected to receive $20,000 at the end of each of the next 30 years. If

10 (Solving for PV of Ordinary annuity ) You are expected to receive $20,000 at the end of each of the next 30 years. If the opportunity cost of capital (interest rate) is 12% per year compounded annually what is its present value?

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