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Complete the following for the present value of an ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer

Complete the following for the present value of an ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Amount of annuity expected	Payment	Time	Interest	Present value (amount needed now to invest to receive annuity)
$14,200	Quarterly	4 Years	8%	$

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