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Assume you are to receive a 20-year annuity with annual payments of RM50. The first payment will be received at the end of Year 1,

Assume you are to receive a 20-year annuity with annual payments of RM50. The first payment will be received at the end of Year 1, and the last payment will be received at the end of Year 20. If you can earn 10 percent on your contributions, calculate the value in your account at the end of year 20.

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