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Peter Lynchpin wants to sell you an investment contract that pays equal $13,200 amounts at the end of each year for the next 22 years

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Peter Lynchpin wants to sell you an investment contract that pays equal $13,200 amounts at the end of each year for the next 22 years If you require an effective annual return of 9 percent on this investment, how much will you pay for the contract today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.9 32.16) Value today $ __________

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