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Thus, the present value of $1700 / month for 5 years is @pv(1700*12,.08,5) = $81,400. $11,000 invested @ 8% for 12 years is $27,700; therefore buying the years is clearly worth it putting aside the fact that you will be required to work 5 year less.

Thank you! I'm not nearly mathematically inclined to start figuring that out - but figured someone here would be able to. That example clearly shows an advantage in the repurchase.
Thank you for your assistance-

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