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If the present value of an ordinary, 7-year annuity is $7,400 and interest rates are 8.5 percent, whats the present value of the same annuity

If the present value of an ordinary, 7-year annuity is $7,400 and interest rates are 8.5 percent, whats the present value of the same annuity due? (Round your answer to 2 decimal places.)

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