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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $ 1 0 , 0 4 5 . 0

Derek has the opportunity to buy a money machine today. The money machine will pay Derek $10,045.00 exactly 17.00 years from today. Assuming that Derek believes the appropriate discount rate is 9.00%, how much is he willing to pay for this money machine? Round to the nearest 2 decimal place.

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