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You have been offered an investment product which will provide you with $20,000 per year for the first five years (i.e., from Year 1 to

You have been offered an investment product which will provide you with $20,000 per year for the first five years (i.e., from Year 1 to Year 5), and then $30,000 per year forever thereafter. The interest rate is 5%. What would be the fair value to pay for this product?

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