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Use the information in the table to calculate the present value of the annuity: Annual Payment $ 4 7 5 0 0 Discount Rate 6

Use the information in the table to calculate the present value of the annuity:

Annual Payment $

47500

Discount Rate

6 %

Number of Years

8

Do not enter dollar signs or commas in the input boxes.

Use the PV tables in the appendix of the textbook.

Round your answer to the nearest whole number.

Present Value: $Answer

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