(Present value of an annuity)

What is the present value of the following annuity?

a. $2,000 a year for 8 years discounted back to the present at 10 percent.

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Part 1

a. What is the present value of $2,000 a year for 8 years discounted back to the present at 10 percent?

$____enter your response here

(Round to the nearest cent.)