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Assume you will receive $17,000 beginning next year. After next year, your payments will grow 2.7% each year. Further assume that this payment will last

Assume you will receive $17,000 beginning next year. After next year, your payments will grow 2.7% each year. Further assume that this payment will last for 35 years. What will be the present value of this annuity if the interest rate is 11.8% and it compounds annually?

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