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What is the present value of7receipts of $2,950each received at the beginning of each period, discounted at9% compounded interest? (Round factor values to 5 decimal

What is the present value of7receipts of $2,950each received at the beginning of each period, discounted at9% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

What is the present value? Please show work.

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