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If the current rate of interest is 4%, then the present value (PV) of an investment that pays $1000 per year and lasts 8 years

"If the current rate of interest is 4%, then the present value (PV) of an investment that pays $1000 per year and lasts 8 years is closest to ________.Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer."

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