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An annuity pays $7 at the beginning of every year and pays an additional $3 at the beginning of every evennumbered year for 30 years.

An annuity pays $7 at the beginning of every year and pays an additional $3 at the beginning of every evennumbered year for 30 years. What is the present value of the annuity if the annual effective interest rate is 10%?

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