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Suppose your firm has an obligation to pay an annuity with 18 annual payments of $40,000. The first payment is due two years from today.

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Suppose your firm has an obligation to pay an annuity with 18 annual payments of $40,000. The first payment is due two years from today. Assume all interest rates are 7.5%. Write down the information requested on your answer sheet. What is the present value of the obligation? Round and express your answer to the nearest whole dollar (i.e., nearest integer). Do not include a dollar sign

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