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13. Stan elects to receive his retirement benefit over 10 years at the rate of 2000 per month beginning one month from now. The monthly

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13. Stan elects to receive his retirement benefit over 10 years at the rate of 2000 per month beginning one month from now. The monthly benefit increases by 5% each year. At an annual nominal interest rate of 6% compounded monthly, calculate the present value of the retirement benefit. Give your answer rounded to the nearest whole number

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