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What is the value today of $7,100 per year, at a discount rate of 7 percent, if the first payment is received three years from

What is the value today of $7,100 per year, at a discount rate of 7 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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