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Suppose X Corporation is paying BDT 100,000 at the beginning of each year for the next 8 years in exchange for using a accounting software.

Suppose X Corporation is paying BDT 100,000 at the beginning of each year for the next 8 years in exchange for using a accounting software. What would it cost X Corporation if it were to pay the entire amount immediately, assuming an interest rate of 5%? (must show the detailed calculation process. If need, Don't use excel, show draft Otherwise, marks will be deducted)

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