Question: Joe the plumber realizes that he cannot make the required deposits right now, and so he will work for another 10 years. So he deposited

Joe the plumber realizes that he cannot make the required deposits right now, and so he will work for another 10 years. So he deposited money now into a 6% annually compounded fund, and wants to begin receiving annuity payments of $10,000.00 per year for 30 years after his retirement (ten years from now). how much does he need to invest?

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