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Directions in the picture Liam plans to retire on his 65th birthday. He would like to receive an annual pension payment of $59,065 every year
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Liam plans to retire on his 65th birthday. He would like to receive an annual pension payment of $59,065 every year on your birthday from then on, starting on his 65th birthday and ending on his 86th birthday (inclusive). Suppose the discount rate is 7.5%, and today is Liam's 27th birthday. Find the present value of the pension payments that he will receive Step by Step Solution
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