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Peter inherited $80000 from his parents,but due to terms and conditions he can only drawdown as follows. Year1-4 $10000 each year and Year 5 $50000

Peter inherited $80000 from his parents,but due to terms and conditions he can only drawdown as follows.

Year1-4 $10000 each year and

Year 5 $50000

he is being given an interest of 5% on the fund.Calculate the present worth of the inheritance.

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