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You are set to receive an annual payment of $11,000 per year for the next 17 years. Assume the interest rate is 6 percent. How

You are set to receive an annual payment of $11,000 per year for the next 17 years. Assume the interest rate is 6 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year?

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