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What's the present value of a 1 0 - year ordinary annuity that pays $ 2 0 , 0 0 0 per year plus an

What's the present value of a

10 -

year ordinary annuity that pays $

20, 000

per year plus an additional $

15, 000

maturity value at the end of Year

10

if the interest rate is

6 % ?

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