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(Topic: Delayed Annuities) Suppose that you will receive annual payments of $1,852 for a period of 11 years. The first payment will be made 13

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(Topic: Delayed Annuities) Suppose that you will receive annual payments of $1,852 for a period of 11 years. The first payment will be made 13 years from now. If the interest rate is 7%, what is the present value of this stream of payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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