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How much must be invested now to receive $34,000 for 9 years if the first $34,000 is received one year from now and the rate

How much must be invested now to receive $34,000 for 9 years if the first $34,000 is received one year from now and the rate is 10%? Round your present value factor to three decimal places and final answer to the nearest dollar. (Click here to see present value and future value tables)

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