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How much would you be willing to pay today for an annuity that promises to pay $6,968 per year for 16 years, beginning exactly one

How much would you be willing to pay today for an annuity that promises to pay $6,968 per year for 16 years, beginning exactly one year from today. Your relevant interest rate is 7 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

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