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(Present value of an ordinary annuity). What is the present value of $3500 per year for 8 years discounted back to the present at 10%?

(Present value of an ordinary annuity). What is the present value of $3500 per year for 8 years discounted back to the present at 10%?
The present value of $3500 per year for 8 years discounted back to the present at 10% is $_____.

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