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Business, 19.08.2020 16:01 prishapup27

Mark Stan elects to receive his retirement benefit over 20 years at the rate of 2,000 per month beginning one month from now. The monthly benefit increases by 5% each year. At a nominal interest rate of 6% convertible monthly, calculate the present value of the retirement benefit.

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Mark Stan elects to receive his retirement benefit over 20 years at the rate of 2,000 per month begi...
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