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What is the present value of $3,440 to be received at the beginning of each of 28 periods, discounted at 5% compound interest? (Round factor

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What is the present value of $3,440 to be received at the beginning of each of 28 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

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