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Beginning immediately, you receive $17,000 per year for 14 years. The interest rate is 8.4% compounded annually. Calculate the present value. Round the final answer

Beginning immediately, you receive $17,000 per year for 14 years. The interest rate is 8.4% compounded annually. Calculate the present value. Round the final answer to the nearest whole number.

Multiple Choice

$57,255
$52,755
$62,775
$55,275

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