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What is the present value of an annuity of $ 5 , 5 0 0 per year, with the first cash flow received three years

What is the present value of an annuity of $5,500 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 6 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
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