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How much would you be willing to pay today for an annuity that promises to pay $4,848 per year for 15 years, beginning exactly one

How much would you be willing to pay today for an annuity that promises to pay $4,848 per year for 15 years, beginning exactly one year from today. Your relevant interest rate is 12 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

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