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A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today

A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to 2 decimal places.

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