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Suppose that you have inherited an annuity that will pay $255 each of the next 360 months. Assuming that the annual cost of capital is

Suppose that you have inherited an annuity that will pay $255 each of the next 360 months. Assuming that the annual cost of capital is 13% APR compounded monthly, what is the value of this annuity today? Round your final answerrto two decimals

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