Question 1: Present Value
You have just invested $5,000,000 into an account that will earn a 10% annual interest rate. You have a rich aunt who promises to give you $5,000,000 in five years (at t=5). You want to retire in 10 years (at t=10). Assuming that you have no other earnings or income over the next 10 years, how money will you have when you retire (at t=10)?
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