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A retirement plan makes monthly payments to you starting one month after you retire. It pays $3000 per month for the first five years (60

A retirement plan makes monthly payments to you starting one month after you retire. It pays $3000 per month for the first five years (60 months) and $500 per month thereafter. If you anticipate living for 30 years (360 months) after retirement, and your discount rate is 1.20% (APR), what is the value of this retirement plan on the day that you retire?

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