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What is the present value of 8 equal payments of $20,500 to be made at the end of each year for the next 8 years?

What is the present value of 8 equal payments of $20,500 to be made at the end of each year for the next 8 years? The annual interest rate is 10%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.)

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