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Trey wants to buy a bond that will mature to 56000 in eight years. How much should he pay for the bond now if

Trey wants to buy a bond that will mature to 56000 in eight years. How much should he pay for the bond now if it earns interest at a rate of 2.5% per year, compounded continuously? Do not round any intermediate computations, and round your answer to the nearest cent.

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