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Assume that your superannuation fund promises you a pension of $43000 per year starting on the day you retire 44 years from now (ie. you

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Assume that your superannuation fund promises you a pension of $43000 per year starting on the day you retire 44 years from now (ie. you will receive the first $43000 payment exactly 44 years from today). Assume that the appropriate discount rate for these payments is 4.0% p.a. compounded annually and that you plan to live for 17 years after retiring, such that you will receive a total of 18 payments (this includes the first payment). A) What is the value today (at 7 = 0) of the superannuation fund's promise given the above assumptions? The value today of your superannuation fund's promise is $ (Round your answer to the nearest cent)

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