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Suppose your employer will put $10,000 to your 401(k) account in each of next 10 years, and annual return on your 401(k) account will always

Suppose your employer will put $10,000 to your 401(k) account in each of next 10 years, and annual return on your 401(k) account will always be 10%. The first payment will be made at the end of year 1, and the last payment will be made at the end of year 10. 


What is the present value of this 10-year annuity?

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