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Today is 1/1/2009. For 20 years, I receive $50,000 on the first day of each year and $25,000 on the first of July each year.

Today is 1/1/2009. For 20 years, I receive $50,000 on the first day of each year and $25,000 on the first of July each year. If I discount cash flows at 10% annually, what is the present value (rounded to the nearest thousand dollars) of these payments?

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