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What is the present value of $ 1 , 8 0 0 paid at the end of each of the next 1 0 0 years

What is the present value of $

1, 800

paid at the end of each of the next

100

years if the interest rate is

3 %

per year

The present value is $

56, 878.03 . (

Round to the nearest cent.

)

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