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Find the present value of the given future amount. $70,461 for 281 days at 8.3% simple interest. Assume 360 days in a year. . .

Find the present value of the given future amount. $70,461 for 281 days at 8.3% simple interest. Assume 360 days in a year. . . . What is the present value? (Round to the nearest dollar as needed.)

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