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help with this finance question
You want to set up a fund that pays £25,000 per year for 10 years. The fund should provide the first payment in 5 years' time. If the interest rate at which you can invest in the market is 6%, how much money should you set aside today to create the fund? What is the future value of the payments provided by the fund in 50 years' time (always assume that the interest rate is 6%).
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