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A French software genius had been offered 15,000 per year for the next four years and then 25,000 per year for the following 15 years

A French software genius had been offered 15,000 per year for the next four yearsand then 25,000 per year for the following 15 years for the rights to his new smart phone app. At 5% interest, how much is this offer worth today?

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