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(Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $2,500 per year for 10 years discounted back

(Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $2,500 per year for 10 years discounted back to the present at 7 percent? The present value of $2,500 per year for 10 years discounted back to the present at 7 percent is S (Round to the nearest cent.)

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