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What is the present value of receiving $1100/year for 23 years (23 payments) if these payments start in 6 years? Assume an 8% discount rate.

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What is the present value of receiving $1100/year for 23 years (23 payments) if these payments start in 6 years? Assume an 8% discount rate. (no "," or "$" in your answer please)

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