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Sherwin Williams will earn $21,250 a year for the next 16 years for a picture he has painted. At an interest rate of 6 percent,

Sherwin Williams will earn $21,250 a year for the next 16 years for a picture he has painted. At an interest rate of 6 percent, how much are the earnings worth today? (Enter your answer as a positive number rounded to 2 decimal places.)

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