Instructions Question 2 1 pts You plan to retire on your 65th birthday. You would...
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Instructions Question 2 1 pts You plan to retire on your 65th birthday. You would like to receive an annual pension payment of $54,831 every year on your birthday from then on, starting on your 65th birthday and ending on your 85th birthday (inclusive). Suppose the discount rate is 7.3%, and today is your 23th birthday. Find the present value of the pension payments that you will receive. [Hints/Example)
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