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Suppose you will receive payments of $8,000, $5,000, and $9,000 in 3, 5, and 8 year(s) from now, respectively. What is the total present value

Suppose you will receive payments of $8,000, $5,000, and $9,000 in 3, 5, and 8 year(s) from now, respectively. What is the total present value of this stream of payments if the interest rate is 9%?

Enter your response below rounded to 2 decimal places.

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