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An annuity pays 10 at the end of year 2, and 9 at the end of year 4. The payments continue decreasing by 1 each

An annuity pays 10 at the end of year 2, and 9 at the end of year 4. The payments continue decreasing by 1 each two year period until 1 is paid at the end of year 20.

Calculate the present value of the annuity at an annual effective interest rate of 6.6%.

(Round your answer to the nearest 2 decimal places.)

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