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Posted on Sep 09, 2024

You are offered the opportunity to put some money away for retirement. You will receive ten annual payments of $45,000 each beginning in 40 years.

You are offered the opportunity to put some money away for retirement. You will receive ten annual payments of $45,000 each beginning in 40 years. How much would you be willing to invest today if you require an annual average return of 9%?

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