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You decide to save for retirement. In year 1 on 1 January, you deposit 5,000 dollars with a 7 percent interest rate and continue to

You decide to save for retirement. In year 1 on 1 January, you deposit 5,000 dollars with a 7 percent interest rate and continue to do this action for 10 years. What is the present value of your money based on this action? Assume the interest rate is the same throughout the ten years.

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