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Peter Lynchpin wants to sell you an investment contract that pays equal $13,100 amounts at the end of each of the next 21 years. If

Peter Lynchpin wants to sell you an investment contract that pays equal $13,100 amounts at the end of each of the next 21 years.

If you require an effective annual return of 10 percent on this investment, how much will you pay for the contract today?

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