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Suppose that you will receive annual payments of $20,500 for a period of 10 years. The first payment will be made 10 years from now.

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Suppose that you will receive annual payments of $20,500 for a period of 10 years. The first payment will be made 10 years from now. If the interest rate is 5%, what is the present value of this stream of payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Present value $ 97,179.75

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