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Assume that a year from now you will begin receiving an annual payment that will grow at 275. for the next years. The first payment

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Assume that a year from now you will begin receiving an annual payment that will grow at 275. for the next years. The first payment will be in the amount of $9.000. If the appropriate discount rate is 5.5%, what is the current value of these annual payments? Do not round Intermediate calculations. Round the final answer to 2 decimal places. Omit any commes and the sign in your response. For comple, we of $1,000.50 should be entered as 1000.50. Numeric Response

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