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Compute the present value if future value (FV) = $3,492, interest rate (r) = 10.7%, and number of years (t) = 11. (Do not round

Compute the present value if future value (FV) = $3,492, interest rate (r) = 10.7%, and number of years (t) = 11. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):

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