Question: You get 10000 kr. annually for 5 years. You will receive your first payment after 1 year. You need money now so you go to

You get 10000 kr. annually for 5 years. You will receive your first payment after 1 year. You need money now so you go to the bank with the ticket and want the bank to buy the ticket from you. What is the bank willing to pay for the ticket if the interest rate is 12% with an update once a year

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