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Danielle is told she can receive a 250000 life insurance death benefit in annual payments of 25000 starting today for 11 years total. And a
Danielle is told she can receive a 250000 life insurance death benefit in annual payments of 25000 starting today for 11 years total. And a twelfth payment of 16265 at the beginning of the twelfth year. Or she could receive 20000 per year at the beginning of each year for nine years plus a balloon payment at the beginning of the tenth year, Calculate the balloon payment.
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