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QUESTION

You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $45,000 each beginning in 25 years.

You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $45,000 each beginning in 25 years. How much would you be willing to invest today if you desire an annual interest rate of 12%? 

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