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John is planning to buy a pension plan which would provide him an annual pension of $30,000 for the next 30 years. How much should
John is planning to buy a pension plan which would provide him an annual pension of $30,000 for the next 30 years. How much should be be willing to pay for this pension plan if he wants a retum of 10% on his investment? Assuming that the pension is received () at the end of each year or (ii) in the beginning of each year
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