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Peter Lynchpin wants to sell you an investment contract that pays equal $13,300 amounts at the end of each of the next 23 years.

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Peter Lynchpin wants to sell you an investment contract that pays equal $13,300 amounts at the end of each of the next 23 years. If you require an effective annual return of 8 percent on this investment, how much will you pay for the contract today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Value today

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