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Under the terms of a contract, the following payments areguaranteed: $100? 000 payable immediately. $75? 000 per year for 5years, payable in equal monthly instalments of $6250 at the end ofeach month. $50? 000 per year, payable annually at the end of the6th through the 10th years. If interest is at 5% compoundedannually, determine the discounted value at the beginning of the4th year of the remaining payments due under the contract.
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