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You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $

You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $ 66 comma 000 every 7years, starting 7 years from now. What is the present value of this incentive if you plan to work for the company for 42 years and the interest rate is 5%(EAR)?(Note: Be careful not to round any intermediate steps less than six decimal places.)

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