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You are retiring today. You are looking into a retirement plan that offers to pay $ 1 0 , 0 0 0 per year starting

You are retiring today. You are looking into a retirement plan that offers to pay $10,000 per year starting today that makes 50 annual payments. The plan will also increase the annual payment by 2% each year. What is the value of this plan today if the discount is 8%?

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