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What is the present worth of the following stream of cash flows? An annuity that starts 8 years from now and pays $ 2 ,

What is the present worth of the following stream of cash flows? An annuity that starts 8 years from now and pays $2,000 per year for 5 years (5 payments of $2,000). Assume 5% interest rate. (Note: nothing is paid in years 1-8. The first payment is received at the end of year 9. The last payment is received at the end of year 13.)

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