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The pension manager at Coronado Town Gardens estimates that retiree benefits of $790000 per year will be paid starting 12 years from today. Payments are

The pension manager at Coronado Town Gardens estimates that retiree benefits of $790000 per year will be paid starting 12 years from today. Payments are estimated to be made for 20 years. Assuming an 6% interest rate.



What is the closest value of the pension obligation today?

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