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Find the lump sum deposited today that will yield the same total amount as payments of $ 1 1 , 0 0 0 at the

Find the lump sum deposited today that will yield the same total amount as payments of $11,000 at the end of each year for 6 years, at an interest rate of 8% compounded annually.
The lump sum is $
(Round to the nearest cent.)
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