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Consider a lump sum of $ 1 4 , 0 0 0 to be received 6 years from now ( i . e . ,

Consider a lump sum of $14,000 to be received 6 years from now (i.e., at time node t=6). What is its present value today at an expected return of 12% per year?
Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
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