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Suppose that you have inherited an annuity that will initially pay $1,755 six years from now. Each of the following 30 annual payments will be
Suppose that you have inherited an annuity that will initially pay $1,755 six years from now. Each of the following 30 annual payments will be 3% larger than the prior payment. Assuming that the annual opportunity cost of capital is 7%, what is the value of this annuity today? Round your final answer to two decimals.
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