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2.35. You have started a job with an annual salary of $48,000. You will get the paycheck at the end of each month, and

2.35. You have started a job with an annual salary of $48,000. You will get the paycheck at the end of each month, and your deductions for taxes will be 34%. Using a discount rate of 0.8% per month, find the present value of the take home pay for the whole year.

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