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An annuity due makes 8 annual payments of $5,000. If the cost of capital is 5.9%, what is the present value of the annuity? Answer

An annuity due makes 8 annual payments of $5,000. If the cost of capital is 5.9%, what is the present value of the annuity?

Answer Format: Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

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