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Pierre receives a thirty-year annuity paying $400(1.03) * + $100(1.02) 2t + $70t - $40 at the beginning of the t-th year. Find the
Pierre receives a thirty-year annuity paying $400(1.03) * + $100(1.02) 2t + $70t - $40 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 4% during the thirty years. (Round your answer to the nearest cent.)
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