Marion's grandfather's will established a trust that will pay her $$1,700$ every three months for $12$ years. The first payment will be made

five years from now, when she turns $20.$ If money is worth $6\mathrm{.}7\%$ compounded quarterly, what is today's economic value of the bequest?

$($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Present value

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