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A bank advertises the following deal: Pay us $10,000 a year for 10 years, starting today and then we will pay you (or your beneficiaries)

A bank advertises the following deal: Pay us $10,000 a year for 10 years, starting today and then we will pay you (or your beneficiaries) $10,000 at the beginning of year 11 and for every year after, forever. Is this a good deal if the interest rate available on other deposits is 8%, compounded semi-annually?

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