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What is the present value of $3,900 per year at a discount rate of 8 percent if the first payment is received 7 years from

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What is the present value of $3,900 per year at a discount rate of 8 percent if the first payment is received 7 years from now and the last payment is received 25 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value

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