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You wish to receive an income of $1,300 per year. The payments will be received at the beginning of the year. You will receive a

You wish to receive an income of $1,300 per year. The payments will be received at the beginning of the year. You will receive a total of 45 payments. Your account earns a rate of return of 10.2 percent compounded annually. How much must you put in the account today?

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