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#3 Rocket Corp. is required to pay a supplier $10,000 semi-annually (every 6 months) for a total of 5 years. Rocket Corp. earns 10%

#3 Rocket Corp. is required to pay a supplier $10,000 semi-annually (every 6 months) for a total of 5 years. Rocket Corp. earns 10% annually on its other investments. What is the present value of this payment arrangement?

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