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Calculate the present value of a deferred annuity for 10 years (there are 10 payments). The first payment is 5 years from now, and each

Calculate the present value of a deferred annuity for 10 years (there are 10 payments). The first payment is 5 years from now, and each payment amount is $30. Assume that the annual effective interest is 5% per year. Round the answer to the nearest dollar.

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