You are going to deposit an annual payment of 11000 from, Financial Management

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You are going to deposit an annual payment of 11000 from

You are going to deposit an annual payment of $11,000 from Year 7 to Year 47 (i.e. first payment seven years from today and last payment forty seven years from today) into an account earning 8% compounded annually. What is the present value of this deposit?

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