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You decided to put 25 payments yearly equal to $700 into an account which pays you 10.5%. At the 40th year you will begin receiving
You decided to put 25 payments yearly equal to $700 into an account which pays you 10.5%. At the 40th year you will begin receiving perpetuity from the account (first payment received at the beginning of year 40). What is the dollar value that you receive from your investment? Question options: $23,377.1 $28544.1 $51,114.1 $41,217.1
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