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What is the present value of $2,500 per year for 8 years discounted back to the present at 11 percent? The present value of $2,500

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What is the present value of $2,500 per year for 8 years discounted back to the present at 11 percent? The present value of $2,500 per year for 8 years discounted back to the present at 11 percent is $ (Round to the nearest cent)

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