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What is the present value of the following annuity? $3,937 every year at the end of the year for the next 9 years, discounted back

What is the present value of the following annuity? $3,937 every year at the end of the year for the next 9 years, discounted back to the present at 6.49 percent per year, compounded annually?

Round the answer to two decimal places.

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