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What would you be willing to pay for a financial product on 1/1/2021 that paid you a $50,000 annuity every year for 10 years from
What would you be willing to pay for a financial product on 1/1/2021 that paid you a $50,000 annuity every year for 10 years from 1/1/2022, plus a further $5,000 on 1/1/2032 and another $15,000 on 1/1/2036, if rates are 5% per annum?
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