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What amount of money deposited 35 years ago at 8% interest would provide a perpetual payment of $10,000 a year beginning this year? Solution: 1.

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What amount of money deposited 35 years ago at 8% interest would provide a perpetual payment of $10,000 a year beginning this year? Solution: 1. The amount of money needed now to begin the perpetual payments is 2. The amount of money that would need to have been deposited years ago is

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