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Problem #3: A French software genius had been offered 20,000 per year for the next 5 years and then 60,000 per year for the following

Problem \#3: A French software genius had been offered 20,000 per year for the next 5 years and then 60,000 per year for the following 15 years for the rights to his new smart phone app. At 5% interest, how much is this offer worth today

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