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A 10-year annuity pays $2,100 per month at the end of each month. If the discount rate is 8 percent compounded monthly for the first

A 10-year annuity pays $2,100 per month at the end of each month. If the discount rate is 8 percent compounded monthly for the first seven years and 8 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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