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Paul wants to make a gift of $15,000 in today's dollars to his parents at the end of each of the next 26 years. If

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Paul wants to make a gift of $15,000 in today's dollars to his parents at the end of each of the next 26 years. If the annual rate of return is 7.3% and inflation is 4.4%, what is the value of the funds he must have in hand today to meet this need for the 26-year period? Round the answer to two decimal places

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