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An investment will pay $1,000 per year for 20 years. However, the first payment will not be paid for exactly 11 years. If your personal

An investment will pay $1,000 per year for 20 years. However, the first payment will not be paid for exactly 11 years. If your personal discount rate is 8%, how much can you pay for this investment today? (Round to the nearest dollar)

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