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Carla Vista Corp. is expecting annual payments of $34,750 for the next seven years from a customer. What is the present value of this annuity

Carla Vista Corp. is expecting annual payments of $34,750 for the next seven years from a customer. What is the present value of this annuity if the discount rate is 8.5 percent? (Round factor values to 6 decimal places, e.g. 1.521215 and final answer to 2 decimal places, e.g. 5,275.25.)

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