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What is the value today of $ 5 , 9 0 0 per year, at a discount rate of 8 percent, if the first payment

What is the value today of $5,900 per year, at a discount rate of 8 percent, if the first
payment is received three years from today and the last payment is received 25 years
from today? (Do not round intermediate calculations and round your answer to 2
decimal places, e.g.,32.16.)
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