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Suppose you are given the following information: Years: 20 Daily PMT: $7 (a Starbucks coffee a day) FV: 0 Rate: 5%, dally compounding Calculate the

Suppose you are given the following information: Years: 20 Daily PMT: $7 (a Starbucks coffee a day) FV: 0 Rate: 5%, dally compounding Calculate the present value of these daily payments. (Round to 2 decimals)

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