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You are a financial advisor. Youre helping a family to decide regarding the investment for their kid. They want to pay their kid five annual

You are a financial advisor. Youre helping a family to decide regarding the investment for their kid. They want to pay their kid five annual payments of $50,000, starting twelve years from now. If the interest rate is 5%, how much do they need to invest for the next 10 years, starting now? Remember the last investment occurs 10 years from now.

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