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What is the present value of the following annuity? $1,270 every year at the end of the year for the next 12 years, discounted back
What is the present value of the following annuity? $1,270 every year at the end of the year for the next 12 years, discounted back to the present at 12.03 percent per year, compounded annually?
Round the answer to two decimal places.
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