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You have just retired and your pensioner agrees to pay you $12000 per year for the next 30years, where you receive the first payment today.
You have just retired and your pensioner agrees to pay you $12000 per year for the next 30years, where you receive the first payment today. Assuming the interest rate of 0.2, calculate the closest value of the present value of your payments. what is the value of the money
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