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Pierre receives a thirty-year annuity paying $300(1.03) t + $100(1.02) 2 t + $70 t $60 at the beginning of the t -th year. Find
Pierre receives a thirty-year annuity paying $300(1.03)t + $100(1.02)2t + $70t $60 at the beginning of the t-th year. Find the value of this annuity at the end of the tenth year if the annual effective interest rate remains 5% during the thirty years.
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