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What is the present value of $2,625 per year, at a discount rate of 6.9 percent, if the first payment is received six years

What is the present value of $2,625 per year, at a discount rate of 6.9 percent, if the first payment is received six years from now and the last payment is received 20 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value today

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