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Today is my 5 0 th birthday ( not really ) . The University of Toronto has promised me a pension of $ 8 0

Today is my 50th birthday (not really). The University of Toronto has promised me a pension of $80,000 per year, each year on my birthday, starting on my 65th birthday. The final pension payment will be on my 100th birthday. The discount rate is 8%.a) What is the present value of my future pension?

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