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What is the present value of $ 4 comma 000$4,000 paid at the end of each of the next 7777 years if the interest rate

What is the present value of

$ 4 comma 000$4,000

paid at the end of each of the next

7777

years if the interest rate is

3 %3%

per year?image text in transcribed

What is the present value of $4,000 paid at the end of each of the next 77 years if the interest rate is 3% per year? The present value is $ (Round to the nearest cent)

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