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Assume that the Canada Pension Plan promises you $ 3 0 , 0 0 0 per year starting when you retire 4 5 years from
Assume that the Canada Pension Plan promises you $ per year starting when you retire years from today the first $ will come years from now If your discount rate is compounded annually, and you plan to live for years after retiring so that you will get a total of payments, including the first one what is the value today of Canada Pension Plan's promise?
The value today of the Canada Pension Plan's promise is $
Round to the nearest dollar.
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