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You expect to receive an annuity of $ 1 , 0 0 0 per year for the next five years. The market rate of interest
You expect to receive an annuity of $ per year for the next five years. The market rate of
interest is Assuming that you do not spend any of the income at any other time, what is the
future value of these payments at the end of five years? What is the value today?
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