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A pension fund has just deposited $90,000 into a plan. These deposits will increase by 2% per year for 40 years. Given an interest rate

A pension fund has just deposited $90,000 into a plan. These deposits will increase by 2% per year for 40 years. Given an interest rate of 5%, what is the present value of this plan? $4,150,000 $3,050,000 $2,070,000 $1,970,000 $1,737,000

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