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My wife Enid will receive a pension of $80,000 per year starting in 10 years; The pension will make payments for 40 years. Use the

My wife Enid will receive a pension of $80,000 per year starting in 10 years; The pension will make payments for 40 years. Use the perpetuity formula and a discount rate of 7% to calculate the present value of the pension.

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