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Find the present value of the following ordinary annuity. Term Interest Rate Periodic Payment $2800 Payment Interval Conversion Period monthly 1 year 9 years 8%

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Find the present value of the following ordinary annuity. Term Interest Rate Periodic Payment $2800 Payment Interval Conversion Period monthly 1 year 9 years 8% The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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